A loan that must be repaid when the lender asks for it.
We took out a demand loan to cover immediate expenses.
The company obtained a demand loan with a flexible repayment schedule based on their projected earnings.
Frequently Asked Questions
The phonetic transcription of "demand loan" is /dɪˈmɑːnd ləʊn/ in British English and /dɪˈmænd loʊn/ in American English. Click the 🔊 button to hear both pronunciations.
Example usage of "demand loan": "We took out a demand loan to cover immediate expenses.". More examples on the page.