Call Loan (Noun)
Meaning
A loan that is repayable on demand.
Classification
Nouns denoting possession and transfer of possession.
Examples
- The bank issued a call loan to the company, which allowed them to access funds quickly but also meant they had to be prepared to repay the loan at short notice.
- The investor took out a call loan to finance her business venture, but she was aware that the lender could demand repayment at any time.
- The company's financial health was precarious, and the call loan from the bank was a constant source of stress, as they knew they might have to repay it at a moment's notice.
- The lender offered a call loan with a competitive interest rate, but the borrower was hesitant to accept due to the risk of sudden repayment.
- The call loan was used to finance the project, but the developers were anxious about the possibility of the lender calling in the loan before they could generate sufficient revenue.