demand loan
Definition
Loan (such as an overdraft) with or without a fixed maturity date, but which can be recalled anytime (often on a 24-hour notice) by the lender and must be paid in full on the date of demand. Also, the borrower can pay off a demand loan at any time without incurring early-payment penalties. Also called call loan or money at call.
Mentioned in these definitions
Popular 'Accounting & Auditing' Terms
demand loan in the news
Loading...
This content can be found on the following page:
http://www.businessdictionary.com/definition/demand-loan.html
