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.
demand loan is in the Accounting & Auditing and Banking, Commerce & Finance subjects.
demand loan appears in the definitions of the following terms: call loan, time loan, statute barred debt, on demand, overdraft, at call loan, loan and money at call
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