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day loan

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day loan

 
Use day loan in a Sentence
–noun
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.
Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2009.
Cite This Source Link To day loan
Day Loan
Voted Barron's Best Online Broker 4 Years in a row!
optionsXpress.com
Day loan
$200-$1500 Cash Loans - 3 Steps Apply - Review - Withdraw Your Cash
Loans-in-1-Hour.com
Financial Dictionary

day loan

A one-day loan made by a bank to a broker for the purchase of securities. The loan is used until delivery allows a regular call loan to be arranged.

Wall Street Words: An A to Z Guide to Investment Terms by David L. Scott.
Copyright © 2003. Published by Houghton Mifflin.
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