call loan

A loan for which the lender can demand payment at any time, usu. with 24 hours’ notice, because there is no fixed maturity date.

— Also termed broker call loan; demand loan. Cf. term loan. [Cases: Bills and Notes 129(3). C.J.S. Bills and Notes; Letters of Credit§ 90.]

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词条贡献者

译员Roger，毕业于欧洲一流的高级翻译学院，专注翻译各种与公共及基础设施融资有关的法律文件。