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A short term loan given for a period of 2 weeks to 12 months, for a larger amount, to meet urgent credit needs of big companies, due to launching new businesses, or fresh issue of shares etc.

ATerm loan

BBridge loan

COverdraft

DPersonal loan

Answer:

B. Bridge loan

Read Explanation:

Bridge Loan - Swing Loan:

  • A Bridge loan is a short term loan given for a period of 2 weeks to 12 months for a larger amount to meet urgent credit needs of big companies due to launching new businesses, fresh issue of shares etc.

  • It is very expensive and bank charge high rate of interest.


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