building loan

A type of bridge loan used primarily for erecting a building.

• The loan is typically advanced in parts as work progresses and is used to pay the contractor, subcontractors, and material suppliers. See interim financing under FINANCING.

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词条贡献者

法律翻译家欣，毕业于德国顶尖的高级翻译学院，专注翻译各类与体育诉讼有关的法律文件。