overnight loan Meaning in the Cambridge English Dictionary

Meaning of “overnight loan” in the English Dictionary

"overnight loan" in Business English

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overnight loannoun [C]

uk   us  
BANKING, FINANCE a ​loan that a ​bank makes to another ​bank for a ​shortperiod of ​time: The ​federalfundsrate which is ​charged on overnightloans between ​banks is at an ​historiclow.
FINANCE →  payday loan
(Definition of overnight loan from the Cambridge Business English Dictionary © Cambridge University Press)
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