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Demand Loan (Noun)

Meaning

A loan that is repayable on demand.

Classification

Nouns denoting possession and transfer of possession.

Examples

  • The bank granted a demand loan to the company with a variable interest rate that could change at any time.
  • As the borrower was struggling to repay the debt, the lender decided to call in the demand loan immediately.
  • Demand loans are often used for short-term financing needs, such as managing cash flow or covering unexpected expenses.
  • The demand loan agreement specified that the lender could demand repayment of the full amount at any time without notice.
  • By taking out a demand loan, the business owner risked having to repay the loan quickly if the lender chose to call it in.

Synonyms

  • Call Loan

Hypernyms

  • Loan
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