demand loan
- noun
- /dɪˈmænd loʊn/
- Specialized
:
préstamo a la vista
- When the lender called in the demand loan, he had to scramble to find the funds quickly.
Examples
-
Rockefeller's only other liability is a 1998 demand loan of $5 million to $25 million.
Blog text (30) -
The bank issued a demand loan requiring immediate repayment whenever it was requested.
-
He took out a demand loan that he knew he could be asked to repay at any time.
Synonyms
1
7.1
A written promise to pay money when the lender asks
A loan the lender can ask to be paid back at any time
Surface Forms
Morphology
The meaning 'a loan repayable whenever the lender demands repayment' is directly derivable from combining 'demand' (an assertive request) with 'loan' (borrowed money): the modifier specifies the condition for repayment. This noun–noun composition follows straightforward compositional semantics common in financial language, so a B1 learner who knows both constituents would likely infer the intended meaning.
Etymology
Demand loan: The noun demand loan comes from the idea that the person or bank who lent the money can demand the loan back at any time, like asking someone to 'give the money back'. So a demand loan means you must be ready to repay the money 'on short notice' when the lender asks.