MLchartDataset catalogue

Gap financing

Term · Insurance and risk management · MLC-T-INS-001621

A type of short-term, interim loan used to cover the difference between the funds available from a primary lender and the total cost of a project or acquisition. This financing bridges a monetary shortfall until a more permanent or long-term funding source is secured. Because it carries a higher risk for the lender, gap financing typically has higher interest rates and shorter repayment terms than conventional loans.

Table 1. Record
IdentifierMLC-T-INS-001621
FieldInsurance and risk management
Record as JSON 
{
  "id": "MLC-T-INS-001621",
  "term": "Gap financing",
  "field": "Insurance and risk management",
  "definition": "A type of short-term, interim loan used to cover the difference between the funds available from a primary lender and the total cost of a project or acquisition. This financing bridges a monetary shortfall until a more permanent or long-term funding source is secured. Because it carries a higher risk for the lender, gap financing typically has higher interest rates and shorter repayment terms than conventional loans.",
  "url": "https://mlchart.com/terminology/insurance/gap-financing/"
}

Record 1,504 of 3,682 in Insurance and risk management terminology (MLC-0106). Request the full dataset.