A loan repayable on demand. Sometimes used as a synonym for broker loan or broker overnight loan.

A brokerage firm collateralized loan that has no fixed maturity date, can be called 9terminated) at any time, and has fluctuating interest rates computed daily. Generally, the loan is payable on demand the day after the loan has been contracted. If not called, the loan is automatically renewed for another day. See: Brokers' Loan.

A loan that may be terminated or "called" at any time by the lender or the borrower. Used to finance purchases of securities.

A brokerage firm that borrows money that is collateralized, has no maturity date, may be terminated at any time, and has interest rates that change daily. If the loan is not called, it is automatically renewed for another day. Otherwise, it is payable on demand the day after it is contracted. See: Brokers' Loan; Call; Collateral; Maturity Date

Loan repayable on demand. Also known as DEMAND LOAN.

See Broker's Collateral (Call) Loan.

A collateralized loan obtained by a brokerage firm from a bank with no fixed maturity date, that can be called (terminated) at any time, and has fluctuating interest rates computed daily. See: Broker's Loan.