demand loan Meaning in the Cambridge English Dictionary Cambridge dictionaries logo

Meaning of “demand loan” in the English Dictionary

"demand loan" in Business English

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demand loannoun [C]

uk   us   (also call loan)
FINANCE a ​loan which has to be ​paid back when the ​lenderasks for it, rather than by a particular ​fixeddate: In this ​demandloanagreement, you will be ​required to ​repay the entire ​outstandingloanamount within 15 days of written ​demand from the ​lender.
(Definition of demand loan from the Cambridge Business English Dictionary © Cambridge University Press)
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