2019年5月22日 星期三

bridging facility, freeze out.



Canada claims sovereignty over the Northwest Passage because all of its routes run between islands that are Canadian territory. But it has never sought to settle the question in court

ECONOMIST.COM
America tries to freeze Canada out of the route through the Arctic


Business Secretary Greg Clark said the government had "worked tirelessly" with British Steel, Greybull and lenders to "explore all potential options to secure a solution for British Steel".
He said the government had shown its "willingness to act", having provided the British Steel with a £120m bridging facility in April to meet EU emission rules.

freeze out. phrasal verb. If you freeze someone out of an activity or situation, you prevent them from being involved in it by creating difficulties or by being unfriendly. Other traders did everything they could to freeze us out of the business. [
Bridging finance or a bridge loan is a short-term finance option or facility that 'bridges' the gap before a longer term financing option is available. Bridging finance usually applies to property and/or land purchases or transactions.


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