Why was clemency trending last week?

construction loan

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


[teyk-out] /ˈteɪkˌaʊt/
the act or fact of taking out.
something made to be taken out, especially food prepared in a store or restaurant to be carried out for consumption elsewhere.
Informal. a store, restaurant, or counter specializing in preparing food meant to be carried out for consumption elsewhere.
a section, as of a magazine, that may be removed intact, usually consisting of a story, article, or set of illustrations.
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)
  1. Bridge. a bid in a suit or denomination different from the one bid by one's partner.
  2. Poker. the minimum with which a player can begin.
pertaining to or supplying food and drink to be taken out and consumed elsewhere:
the takeout window of a restaurant.
Also, takedown. of, relating to, or providing a takeout mortgage:
The high-rise developer has found a takeout commitment from a large insurance company.
Also, take-out.
Origin of takeout
1915-20; noun use of verb phrase take out Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2015.
Cite This Source
Examples from the web for construction loan
  • But at the same time they're also trying for a construction loan, which would carry a higher interest rate.
  • The trial court found the lien represented by the deed of trust was a purchase money deed of trust and not a construction loan.
  • Enter your best estimate of the amount needed for the construction loan.
  • Some project features may enable you to qualify for a reduced interest rate on a construction loan.
  • The construction loan and permanent loan rates may exceed the interest rate on the obligations.
Word Origin and History for construction loan



in reference to food prepared at a restaurant but not eaten there, 1941, from take (v.) + out. British equivalent takeaway is recorded from 1964.

Online Etymology Dictionary, © 2010 Douglas Harper
Cite This Source
Slang definitions & phrases for construction loan

take on

verb phrase
  1. To behave angrily; make a fuss: How you do take on! (1430+)
  2. To stop and search someone, demand identification, question harshly, etc; jack up, roust: We were also taught that good cops take on a lot of people (1970s+ Police)

The Dictionary of American Slang, Fourth Edition by Barbara Ann Kipfer, PhD. and Robert L. Chapman, Ph.D.
Copyright (C) 2007 by HarperCollins Publishers.
Cite This Source

Word of the Day

Difficulty index for construction loan

Few English speakers likely know this word

Word Value for construction

Scrabble Words With Friends