demand loan

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Related to demand note: Demand Promissory Note

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 that case, a man wearing an "allergy type mask" over his face used a demand note to rob the business, Lane County sheriff's officials said.
On the same date, C redeemed the single share of stock held by D for $500 and repaid the demand note.
The victim teller complied with BLAUNER's demand giving him more money from her teller drawer and returning the robbery demand note to him.
Still in the car, Kahn would write a demand note and bring a backpack or briefcase into the bank and wait in line for the first available teller, they said.
For example, a company could pay off or pay down a demand note and then reissue the note or borrow again.
A man presented a demand note at the High Street branch of Continental Bank in downtown Eugene and escaped with an undisclosed amount of money, Eugene police said.
The remaining Demand Note principal of approximately $1,268,000 plus approximately $286,000 in accrued interest shall be exchanged for a new 10% zero coupon debenture with a face value of approximately $1,554,000, maturing on December 31, 2004.
Thursday and gave the teller a demand note, said Los Angeles Police Department spokesman Officer Don Cox.
The Revolving Note and the Safeguard Demand Note replace the previously existing $3 million unsecured revolving line of credit provided to the company by Safeguard Scientific, of which $1.
During the August 24, 2000 robbery, BOUTILIER entered the bank, approached a female teller and placed a bank robbery demand note against the teller's glass window partition, which stated, words to the effect, "I have a gun.
During the robbery, MILLER approached a teller window and presented the teller with a demand note that read, "10$ - 20$ - 100$, separated on counter, I am dying of Aids, will shoot if need be.
Scouring a field north of Avenue S and west of 25th Street East shortly after noon, deputies hoped to find a robber who handed a restaurant cashier a demand note before leaving with an undisclosed amount of cash.