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Payable on Demand |
Also found in: Legal | 0.01 sec. |
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Payable on Demand Describing a debt that must be repaid upon the request of the lender. For example, if Joe lends Bob $100 payable on demand, there is no set payment date, but Bob must pay whenever Joe asks. Some loans become payable on demand if the borrower violates the terms of the lending agreement. See also: Call the loan. Want to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit the webmaster's page for free fun content. |
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