construction loan


noun Finance.

a short-term loan to finance the building phase of a real-estate project.

Nearby words

  1. construable,
  2. construct,
  3. construct state,
  4. constructer,
  5. construction,
  6. construction paper,
  7. constructional homonymity,
  8. constructionist,
  9. constructive,
  10. constructive dismissal

takeout

or take-out

[teyk-out]

noun

the act or fact of taking out.
something made to be taken out, especially food prepared in a store or restaurant to be carried out for consumption elsewhere.
Informal. a store, restaurant, or counter specializing in preparing food meant to be carried out for consumption elsewhere.
a section, as of a magazine, that may be removed intact, usually consisting of a story, article, or set of illustrations.
Also called takedown, takeout loan, takeout mortgage. Finance. a long-term real-estate mortgage arranged for a building the construction of which is financed by an interim short-term loan (construction loan).
Cards.
  1. Bridge.a bid in a suit or denomination different from the one bid by one's partner.
  2. Poker.the minimum with which a player can begin.

adjective

pertaining to or supplying food and drink to be taken out and consumed elsewhere: the takeout window of a restaurant.
Also takedown. of, relating to, or providing a takeout mortgage: The high-rise developer has found a takeout commitment from a large insurance company.

Origin of takeout

First recorded in 1915–20; noun use of verb phrase take out

Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2019


Word Origin and History for construction loan

takeout

adj.

in reference to food prepared at a restaurant but not eaten there, 1941, from take (v.) + out. British equivalent takeaway is recorded from 1964.

Online Etymology Dictionary, © 2010 Douglas Harper