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

法律翻译Howard，在一家顶尖的美国律师事务所担任专职法律翻译，专注翻译各类与信托与财产规划有关的法律文件。