- construction loan
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a short-term loan to finance the building phase of a real-estate project.
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Universalium. 2010.
construction loan
Look at other dictionaries:
Construction loan — In the broadest sense of the term, a Construction Loan is any loan where the proceeds are used to finance construction of some kind. In the United States Financial Services industry however, the term is used to describe a genre of loans designed… … Wikipedia
construction loan — loan designed to assist a contractor at the beginning of a building project … English contemporary dictionary
Construction Loan Note - CLN — A short term obligation in the form of a note, used for the funding of construction projects such as housing developments. In most cases, the note issuers will repay the note obligation by issuing a longer term bond and using the proceeds from… … Investment dictionary
construction loan — noun : a loan secured by lien on property to finance a building project until completion and issuance of the long term mortgage * * * Finance. a short term loan to finance the building phase of a real estate project … Useful english dictionary
construction loan — A short term loan to finance building costs. Bloomberg Financial Dictionary … Financial and business terms
loan — n 1 a: money lent at interest b: something lent usu. for the borrower s temporary use 2: a transfer or delivery of money from one party to another with the express or implied agreement that the sum will be repaid regardless of contingency and usu … Law dictionary
Construction bidding — is the process of submitting a proposal (tender) to undertake, or manage the undertaking of a construction project. The process starts with a construction estimate from blueprints and take offs. The tender is treated as an offer to do the work… … Wikipedia
Construction delay — Construction delays in residential and light construction are often the result of miscommunication between contractors, subcontractors, and property owners. These types of misunderstandings and unrealistic expectations are usually avoided through … Wikipedia
loan — A lending. Delivery by one party to and receipt by another party of sum of money upon agreement, express or implied, to repay it with or without interest. Boerner v. Colwell Co., 21 Cal.Sd 37, 145 Cal.Rptr. 380, 384, 577 P.2d 200. Anything… … Black's law dictionary
loan — A lending. Delivery by one party to and receipt by another party of sum of money upon agreement, express or implied, to repay it with or without interest. Boerner v. Colwell Co., 21 Cal.Sd 37, 145 Cal.Rptr. 380, 384, 577 P.2d 200. Anything… … Black's law dictionary
