call loan
–noun | a loan repayable on demand. |
Origin: 1850–55
call loan
n. A loan repayable on demand at any time. Also called demand loan. |
The American Heritage® Dictionary of the English Language, Fourth Edition
Copyright © 2009 by Houghton Mifflin Company.
Published by Houghton Mifflin Company. All rights reserved.
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Financial Dictionary
call loan
- A loan that may be terminated at any time by either party. For investors, a call loan means bank loans to stockbrokers for the purpose of carrying customer margin borrowing, using securities as collateral. The rate of interest, similar to that on other high-quality short-term loans, varies over time. Brokerage firms usually charge customers the rate on call loans plus an additional 1% or so depending on the amount borrowed. Also called broker call loan. See also broker's loan.
demand loan
- A loan due at any time the lender decides to request payment.
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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Legal Dictionary
Main Entry:
demand loansee
LOAN
Merriam-Webster's Dictionary of Law, © 1996 Merriam-Webster, Inc.
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