My Study Stuff

01/11/2011

demand loan

Filed under: Business — anlactunay @ 2:55 AM

demand loan=
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.

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