demand loan

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Related to demand loan: Term loan

Demand loan

A loan which can be called by the lender at any time and carries no set maturity date.

Demand Loan

A loan that must be paid on demand from the lender. Demand loans are often used to fund margin accounts; alternatively, they are common for personal loans with no set maturity. Demand loans often require collateral and are also called call loans. See also: Margin call.

demand loan

A loan due at any time the lender decides to request payment.

demand loan

A loan that states it is due upon demand, rather than on any certain date or upon the happening of a certain event.For purposes of calculating the statute of limitations within which to sue on a demand loan,it is treated as if demand were made and default occurred on the very first day the loan was made,even if that did not truly happen in fact.
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Because the AFRs have fallen so low, now is a good time to consider (1) making additional low-interest loans to shareholders, (2) replacing existing higher-interest shareholder loans with new ones that charge lower rates, or (3) converting demand loans to term loans to lock in the low rates.
20) In the case of a demand loan, the value of the interest-free repayment obligation cannot be ascertained at the time the loan is made, because the repayment date is not known in advance, nor is it pegged to predictable external events.
Such transfer was made in connection with GameNow's grant of a demand loan in the aggregate principal amount of US$4.
Legal documentation to support the restructuring of the Company's balance sheet by the early conversion to equity of a convertible promissory note and the restatement of a demand loan to a convertible promissory note is being prepared.
Lekach also announced that the Nussdorfs have agreed to make a $5,000,000 secured demand loan to Perfumania, Inc.
In December 1998, the Company arranged a secured demand loan
2001, the demand loan has a balance outstanding, including accrued
Should that be the case, Hoyer said he and his colleagues at the EIB would "ask ourselves whether we have to demand loans back.
If it finds that the funds were used for purposes other than intended, the EU bank will have to "ask ourselves whether we have to demand loans back," he said.
The court also held that the loan documents were equivalent to demand loans, there was a fixed obligation to repay and the absence of a sinking fund was irrelevant.
Also, if a business that structures long-term debt to improve working capital does get hit with a drop in revenues, it is in a much better position to negotiate new demand loans or arrange alternative forms of short-term financing.