demand loan

demand loan
A loan which can be called by the lender at any time and carries no set maturity date. Bloomberg Financial Dictionary

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demand loan UK US noun [C] (also call loan)
FINANCE a loan which has to be paid back when the lender asks for it, rather than by a particular fixed date: »

In this demand loan agreement, you will be required to repay the entire outstanding loan amount within 15 days of written demand from the lender.

Financial and business terms. 2012.

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Look at other dictionaries:

  • demand loan — see loan Merriam Webster’s Dictionary of Law. Merriam Webster. 1996 …   Law dictionary

  • demand loan — n. CALL LOAN (sense 1) * * * …   Universalium

  • demand loan — demand′ loan n. bus call loan • Etymology: 1910–15 …   From formal English to slang

  • demand loan — n. CALL LOAN (sense 1) …   English World dictionary

  • demand loan — noun a loan that is repayable on demand • Syn: ↑call loan • Hypernyms: ↑loan * * * noun : call loan * * * demand loan, = call loan. (Cf. ↑call loan) …   Useful english dictionary

  • demand loan — noun Date: 1913 call loan …   New Collegiate Dictionary

  • demand loan. — See call loan. [1910 15] * * * …   Universalium

  • demand loan. — See call loan. [1910 15] …   Useful english dictionary

  • loan — n 1 a: money lent at interest b: something lent usu. for the borrower s temporary use 2: a transfer or delivery of money from one party to another with the express or implied agreement that the sum will be repaid regardless of contingency and usu …   Law dictionary

  • loan — A lending. Delivery by one party to and receipt by another party of sum of money upon agreement, express or implied, to repay it with or without interest. Boerner v. Colwell Co., 21 Cal.Sd 37, 145 Cal.Rptr. 380, 384, 577 P.2d 200. Anything… …   Black's law dictionary

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