Pier Financing: a bridge loan (short-term acquisition loan) with no defined "takeout" (repayment method).
Commonly used in: financing the acquisition of crappe` assets.
Commonly associated with and/or mistaken for: pier jumping - an action whereby the investment banker, who lent out the pier financing at rock-bottom rates and now finds himself/herself unable to syndicate it, decides the honourable thing to do is go for a long walk on a short pier and never come back.
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