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.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

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.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved

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.
Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor by David L. Scott. Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved. All rights reserved.
References in periodicals archive ?
Table 3 illustrates one link between call loan rates and aggregate NYC bank clearinghouse deposits and reserves.
We argue further that the trust companies also "free rode" on the New York Clearinghouse banks in the call loan market.
To put the possible increase in the seasonal pattern of interest rates during the Depression in perspective, figure 6 plots the estimated coefficients on the monthly dummy variables for the call loan renewal rate between 1919 and 1928 and between 1929 and 1933.
The return on - New York call loans was significantly less than on the same loans made in Canada, and it was also more volatile.
The emergency currency issue in Aldrich-Vreeland would add transactions components like notes and reserves, but the other flaws like the pyramiding of reserves and the call loan market being a source of reserves were not addressed.
Leaving its monetary policy unchanged, the policy board has voted to keep the bank's unsecured overnight call loan rate at a range of 0.0 percent-0.1 percent.
At the end of a two-day policy meeting, Bank of Japan's (BOJ) Governor Masaaki Shirakawa and his six board colleagues also voted unanimously to maintain the unsecured overnight call loan rate at a range of zero percent to 0.1 percent to support the country's economy.
First Financial Holding has US$12 million of risk exposure to the PIIGS, including US$10 million of interbank call loan in Italy.
The policy board of Japan's central bank has also voted unanimously to leave the unsecured overnight call loan rate at 0.1 percent, where it has been since December 2008.
The weighted average of unsecured overnight call loan rates dropped to zero for the first time in the Tokyo market Monday, money traders said.
At the end of two-day policy meeting, Bank of Japan's (BOJ) Governor Masaaki Shirakawa and his six board colleagues voted unanimously to keep the unsecured overnight call loan rate on hold.
The BOJ board has voted unanimously to leave its unsecured overnight call loan rate unchanged at 0.10 percent.