What Is Interim Financing

Interim financial statements for a corporation are the financial statements covering a period of less than one year. Often interim financial statements are issued for the quarters between the annual financial statements. The purpose is to give investors and other users updated information on the corporation’s operations.

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Interim Financing is the process of obtaining temporary, short term financing to close a real estate transaction. interim financing, also called bridge financing or a bridge loan, is often used by a buyer who is selling a home to buy another, but the sale of the first home cannot be completed before the purchase.

You are reading The Finance 202, our must-read tipsheet on where Wall Street meets Washington. The company’s chief financial officer, Scott Schenkel, will serve as interim CEO while the board.

Interim definition, an intervening time; interval; meantime: School doesn’t start till September, but he’s taking a Spanish class in the interim. See more.

Interim financial statements are financial statements that cover a period of less than one year. The concept is most commonly applied to publicly-held companies, which must issue these statements at quarterly intervals.These entities issue three sets of interim statements per year, which are for the first, second, and third quarters.

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Interim financing is a way of obtaining funding on a short term basis for a project. It can also be called gap financing or bridge financing. People or com. Dan Gerlach, interim president of East Carolina University. in North Carolina’s rural and tobacco-dependent communities. He was also a budget and financial advisor to former Gov. Mike Easley.

Also known as interim financing, gap financing, or swing loans, bridge loans bridge the gap during times when financing is needed but not yet available. Both corporations and individuals use bridge.

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Definition of interim financing: Type of bridge financing, it is a smaller, short-term loan arranged to cover a firm’s cash needs until a larger, long-term loan is finalized. Dictionary Term of the day articles subjects

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Interim construction loan is a short term loan for the actual construction of a project which ordinarily matures upon completion of the project. Loan repayments by the lender are usually made to the contractor in installments as the project progresses.