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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References in periodicals archive ?
FBILA believes these subjects planned, organized, and promoted more than 175 bank robberies, including 85 demand note jobs and 90 takeovers.
The robber, a white male believed to be 16 to 18 years old, was unarmed and wearing a green sweatshirt with a gray hood when he delivered a demand note to the Umpqua Bank at 5251 Main St., police said.
On the same date, C redeemed the single share of stock held by D for $500 and repaid the demand note.
The official informed the commission the demand note and the fee for 4 remaining connections had not been deposited by the WASA.
Jordan allegedly presented a demand note to a pharmacist employed at an Albertsons store at 5755 Main St.
Official sources told here that poor performance of Harbanspura sub region and their delaying tactics in granting new connection, even after the payment of demand note, was repeatedly brought to the notice of MD, SNGPL.
The Eighth Circuit Court of Appeals ruled an auditor has a duty to demand note holders to disclose the true financial condition of its client.
Participants, on the occasion were informed that SNGPL had issued Demand Note to the province for provision of gas supply which had been deposited and thus biddings being invited.
Although police say Mikkelsen presented a demand note and said he had a weapon during the robbery, no weapon was found, police said.
One of the applicant having computerised application No 0739120552 told the MD that after payment of demand note and despite his (MD's) order, the executive engineer concerned was using delaying tactics and not installing connection at the Lahore Press Club Housing Scheme.