demand loan

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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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References in periodicals archive ?
At the time of the transactions, interbank call loans were not considered for taxation purposes, the high court said, citing the 1977 Tax Code.
The call loan market was central to the NYSE's settlement process, which required trade settlement on the following trade day.
Call loans given to HSBC Seoul Branch stood at KRW370.
Market sources attributed the high call loan rate to credit squeeze fears as well as growing fund demand toward banks' book closings for the fiscal first half to the end of this month.
These actions were intended to forestall any large-scale liquidation of call loans (and potentially, of the stock collateral supporting the loans).
Consistent with the Real Bills Doctrine, Federal Reserve Banks were not authorized to rediscount loans used to support purely financial activity, such as stock market call loans, because they were believed to be inflationary or speculative.
After the Panic, however, the New York bankers recognized a distinct and valuable role for a central bank that Chicago bankers, far from the New York Stock exchange and the call loan market, did not appreciate.
The brokers also noted major commercial banks -- long-time call loan takers -- have had less need for call loans due to the mammoth inflows of ordinary deposits into large banks in recent months.
The overnight call money rate is charged among commercial banks on overnight call loans.
The CBC pointed out that of the outstanding foreign-currency call loans, offshore loans accounted for 99.
The survey of 28 financial market participants and economists found 27 of them expect the BOJ to return to the policy of guiding the rate on unsecured overnight call loans to zero.
Last August, the BOJ ended an 18-month policy of guiding the rate on unsecured overnight call loans to zero.