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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In addition, the Sixth Circuit disagreed that the demand notes represented equity because of the lack of a fixed maturity date.
During the term of the demand notes, one son made a partial repayment of $15,000; no other payments were received by Miller.
The CM directed Energy Minister Imtiaz Shaikh to take up the issue with the authorities of HESCO, SEPCO and KE so that the remaining villages, for which the government has already deposited demand notes, could be provided power.
Besides, electric meters are not being installed despite payments of demand notes from interested people.
One 7.65 mm pistol, two bullets, two hand grenades, demand notes, two mobiles along with four SIMs were recovered from their procession.
The shareholders treated the transfers as demand notes to avoid paying Tennessee income tax on the interest since interest on notes maturing within six months in that state is not subject to tax.
Deal transferred land in trust for the benefit of her four daughters and received noninterest-bearing demand notes as alleged consideration for a portion of the land's value.
Users will be able to issue demand notes, reminders, generate reports and record book payment in system when received.
He also asked the HESCO management to provide government electricity connections for which demand notes have been issued up to June 15, 2015.
The joint operation was conducted after getting specific information about the movement of ULFA in the Teok area with a purpose to serve demand notes to some local businessmen of the area.