call loan

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Related to call loan: Call loan rate

Call loan

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

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.

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.
References in periodicals archive ?
The central bank is worried that the excessively low overnight call loan rate might cause inflation and create an assets bubble.
The New York call loan market consisted of a "money post" on the floor of the NYSE with a daily auction of loans to individuals and business including call loans to brokers.
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.
On September 30, 2006, cash and cash equivalents net of call loans were $315.
The bankers acceptance and call loan rates, however, did not have statistically significant seasonal patterns.
dollar call loan rate, or TAIFX, jumped to a level 100 points (one point equals 0.
The central bank's policy board has decided to leave its policy rate, the unsecured overnight call loan rate, in the range of 0.
49 trillion yen as of Thursday on the prospect that the Bank of Japan will modify its ultra-easy monetary policy by next spring, the Association of Call Loan and Discount Companies said Friday.
This week, the unsecured overnight call loan was traded mostly at 0.
At the very first call Loan Solutions starts working for their client by analyzing all necessary documents to develop the most effective plan to save the client's home or improve their financial situation.
They also decided to maintain the unsecured overnight call loan rate at a range of zero percent to 0.
The Bank of Japan (BOJ) has decided to keep the bank's unsecured overnight call loan rate target unchanged in a range of 0.