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Definition of Call loan
1. Noun. A loan that is repayable on demand.
Lexicographical Neighbors of Call Loan
Literary usage of Call loan
Below you will find example usage of this term as found in modern and/or classical literature:
1. Money and Banking by John Thom Holdsworth (1917)
"The prevailing rate on a call loan applies each day until the loan is paid or
called. If, during the course of a loan, money rates advance, the borrower's ..."
2. The American Year Book: A Record of Events and Progress by Francis Graham Wickware, (, Albert Bushnell Hart, (, Simon Newton Dexter North, William M. Schuyler (1913)
"call loan rates in New York most of the time averaged between 2% to 3 per cent., and
even during the crop- moving season call loan rates seldom exceeded 3 ..."
3. The Financial Organization of Society by Harold Glenn Moulton (1921)
"While a "call" loan is one that is terminable at a moment's notice at the will
of either the borrower or the bank, in practice such loans always run at ..."
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