PRINCE2Â® (Projects IN Controlled Environments) is a structured project management method, PRINCE2 and certification programme for practitioners in the methodology who are accredited, qualified through training. PRINCE2 emphases dividing projects into manageable and controllable stages.
DEFINITION of 'Bridge Loan'. A short-term loan that is used until a person or company secures permanent financing or removes an existing obligation. This type of financing allows the user to meet current obligations by providing immediate cash flow.
What is a 'Loan Note'. A loan note is an extended form of an IOU from one party to another that enables a payee to receive payments, possibly with an interest rate attached, over a set period of time, ending with the date at which the entire loan is to be repaid. Loan notes are usually provided in lieu of cash at the payee's request.