construction loan

construction loan

noun Finance.
a short-term loan to finance the building phase of a real-estate project.
Dictionary.com Unabridged

take·out

[teyk-out]
noun
1.
the act or fact of taking out.
2.
something made to be taken out, especially food prepared in a store or restaurant to be carried out for consumption elsewhere.
3.
Informal. a store, restaurant, or counter specializing in preparing food meant to be carried out for consumption elsewhere.
4.
a section, as of a magazine, that may be removed intact, usually consisting of a story, article, or set of illustrations.
5.
Also called takedown, takeout loan, takeout mortgage. Finance. a long-term real-estate mortgage arranged for a building the construction of which is financed by an interim short-term loan (construction loan).
EXPAND
6.
Cards.
a.
Bridge. a bid in a suit or denomination different from the one bid by one's partner.
b.
Poker. the minimum with which a player can begin.
COLLAPSE
adjective
7.
pertaining to or supplying food and drink to be taken out and consumed elsewhere: the takeout window of a restaurant.
8.
Also, takedown. of, pertaining to, or providing a takeout mortgage: The high-rise developer has found a takeout commitment from a large insurance company.
Also, take-out.


Origin:
1915–20; noun use of verb phrase take out
Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2012.
Cite This Source Link To construction loan
Dictionary.com, LLC. Copyright © 2012. All rights reserved.
  • Please Login or Sign Up to use the Recent Searches feature
FAVORITES
RECENT