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call loan

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Call Loan
A loan provided to a brokerage firm and used to finance margin accounts. The interest rate on a call loan is calculated daily. The resulting interest rate is referred to as the call loan rate.

Notes:
Call loans use securities as collateral for the loan. It is important to note that a call loan can be cancelled at any time.

Call loan
A loan repayable on demand. Sometimes used as a synonym for broker loan or broker overnight loan.
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.


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