Evergreen Funding
1. A British term describing the gradual infusion of capital into a new or recapitalized enterprise.
2. In American banks, an evergreen loan is a short-term loan which is continually renewed rather than repaid.
Investopedia Commentary
The name comes from the evergreen tree, which stays green throughout the year.
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See also: Bridge Loan, Capital, Debt, Short Term, Venture Capital