day loan

a bank loan to finance the purchase of securities which is repayable within the calendar day on which it is made.
Also called clearing loan, morning loan. Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2014.
Cite This Source Link To day loan
Previous Definition: day liner
Next Definition: day long
Words Near: day loan
More from
Synonyms and Antonyms for day loan
More from
Search for articles containing day loan
More from Translator Word FAQs presents 366 FAQs, incorporating some of the frequently asked questions from the past with newer queries.

Example sentences
Probably not, but that is generally the term of a pay day loan.
Such practices are no better than pay day loan centers or loan sharks.
There is a ten-day loan period limit with extensions granted by the lending agency when appropriate.
Copyright © 2014, LLC. All rights reserved.
  • Please Login or Sign Up to use the Recent Searches feature