mezzanine finance
noun[U]
ukus(alsomezzanine financing)FINANCE
aformoflendingtobusinessesin which acompanythat isborrowingpaysahigherrateofinterestthan on otherloansbut haslongertopayback thedebt, which may also bechangedintosharesin thecompany:
The 50-50jointventurewith Bank ofScotlandwillcompriseabout 20percentequityand therestindebtandmezzaninefinance.