Compensation Glossary

# A B C D E F G H I J K L M N O P Q R S T U V W - Z

Bridge Loan

This is a loan typically secured by your current home, which is usually listed for sale. The bridge loan is used to finance the purchase of the second home. The homeowner usually has a year within which to sell or rent the first home and to pay off the loan with the proceeds.
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Break in Service Year (Erisa Pension-Plan Standards)

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Bridging Supplement

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