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construction loan

noun, Finance.
1.
a short-term loan to finance the building phase of a real-estate project.

takeout

[teyk-out] /ˈteɪkˌaʊt/
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)
6.
Cards.
  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.
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, 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
1915-1920
1915-20; noun use of verb phrase take out
Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2014.
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Word Origin and History for construction-loan

takeout

adj.

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
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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.
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Difficulty index for construction loan

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Word Value for construction

16
21
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