demand loan


A loan which is repayable on demand (i.e. without prior notice), rather than on a specific date.

Use demand loan in a sentence

The demand loan was the preferred security as we wanted to be able to recognize the moment of maturity anytime.

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You may want to try and get a demand loan if you know that you will be able to get the cash to pay it back quick.

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They exercised their rights on the demand loan and asked for repayment, which came as a rude surprise to us when we got the letter in the mail.

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demand line of credit Crown Loan