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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.

Synonyms

  • Demand Loan
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