Definition of Demand loan
1. Noun. A loan that is repayable on demand.
Demand Loan Pictures
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Lexicographical Neighbors of Demand Loan
Literary usage of Demand loan
Below you will find example usage of this term as found in modern and/or classical literature:
1. The Modern Trust Company: Its Functions and Organization by Franklin Butler Kirkbride, Joseph Edmund Sterrett (1908)
"The demand loan ledger sheets are headed with the borrowers' names, ... The demand loan sheets are ruled alike on both sides, and when filled or when the ..."
2. A Treatise on the Law of Negotiable Instruments: Including Bills of Exchange by John Warwick Daniel, Thomas H. Calvert (1913)
"The bank is not expected, according to the usage and practice of such institutions, to seek him and offer payment, as in the ordinary case of a demand loan. ..."
3. Supreme Court Reporter by Robert Desty, United States Supreme Court, West Publishing Company (1911)
"... that the transaction which was said to have been evidenced by a demand note of 1909 is called in 1910 a demand loan, and it is then asserted, ..."
4. Principles of Economics by Frank William Taussig (1911)
"A demand loan, it must be remembered, is subject to call by either party: the debtor can be called on to repay at any time, but he also has the option of ..."
5. The Stock Market by Solomon Stephen Huebner (1922)
"When demand loan rates in New York are low, ranging from two to four per cent, while at the same time standard, dividend-paying stocks are selling on, ..."