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.
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

demand loan

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

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.
The Complete Real Estate Encyclopedia by Denise L. Evans, JD & O. William Evans, JD. Copyright © 2007 by The McGraw-Hill Companies, Inc.
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References in periodicals archive ?
(26) On the issues of the timing and valuation of the gift, the majority opinion stated: "The taxable gift that assertedly results from an interest-free demand loan is the value of receiving and using the money without incurring a corresponding obligation to pay interest along with the loan's repayment.
The $10,000 de minimis rule for term loans is similar to the one for demand loans; however, once a term loan has exceeded $10,000, it continues to be subject to the below-market loan rules, even if the balance later falls below $10,000.
The borrower in the case of a demand loan must compute and report an amount of forgone interest.
(See the discussion of term and demand loans below.)
5 December 2011 - CRISIL today assigned a BBB- rating with a "stable" outlook to the INR650m (USD12.7m/EUR9.4m) working capital demand loan of Indian real estate developer Dharmadev Infrastructure Ltd.
The PCU is one notch lower than the legislative programme's to reflect the lack of a provision to repay the demand loan in kind.
The balance under Seaspan's demand loan with GCI will be reduced by USD 107.5m to fund the remainder of the purchase price.
21 November 2011 - CRISIL on Friday retained its A+ rating with a "stable" outlook on the INR150m (USD2.9m/EUR2.1m) cash credit, interchangeable with the working capital demand loan of Indian car dealer TAFE Access Ltd.
Demand loan. This kind of loan is payable in full, at any time, on the lender's demand.