Known as a caveat loan and is short-term. Temporary loans that bridge a tome gap between the sale of a home and the purchase of another mortgage. Usually lasts between 2 weeks and 3 years and is pending the arrangement of a longer loan. Often used when a home owner is selling their current home and buying another.

Previous Terms: 1031 Exchange, 1035 Exchange, AARP, Abeyance, Abstraction Principle, Accelerated Amortization, Acceptance Credit, Acceptance of a Bill of Exchange, Accommodation Bill, Accommodation Endorser