Demand Note

Demand Note
A loan with no fixed term or set duration of repayment. It can be recalled upon the lenders request, assuming the notice required by the provisions of the loan are met.

A demand note provides flexibility for the borrower, so long as the lender does not wish to call back the loan. Also referred to as a demand loan.

Investment dictionary. . 2012.

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Look at other dictionaries:

  • demand note — see note Merriam Webster’s Dictionary of Law. Merriam Webster. 1996. demand note A note or instrument that is pay …   Law dictionary

  • demand note — n. a promissory note payable on demand …   English World dictionary

  • demand note — demand′ note n. bus a note payable upon presentation • Etymology: 1860–65 …   From formal English to slang

  • Demand Note — This article is about the Demand Notes issued by the U.S. government. For demand note referring to any promissory note that is payable on demand, see promissory note. Top row: The distinctive green ink used on the backs of Demand Notes gave rise… …   Wikipedia

  • demand note — A promissory note that calls for principal to be payable on demand. In recent years, courts have significantly restricted the circumstances under which a bank could make and enforce a demand for repayment under a demand note. American Banker… …   Financial and business terms

  • Demand Note — Un Demand Note était un billet de banque américain imprimé entre août 1861 et avril 1862 durant la guerre de Sécession pour financer l effort de guerre des unionistes et qui était payable sur demande, d où son nom. Description Il s agissait de… …   Wikipédia en Français

  • demand note — noun a note payable on demand • Hypernyms: ↑note, ↑promissory note, ↑note of hand …   Useful english dictionary

  • demand note — noun Date: 1844 a note payable on demand …   New Collegiate Dictionary

  • demand note — noun A note that normally has no date for repayment, but is due on demand of the lender. Usually the lender will only give the borrower a few days notice before the payment is due …   Wiktionary

  • demand note — A promissory note payable on demand. 11 Am J2d B & N § 167 …   Ballentine's law dictionary

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