Home » Banking Terms Dictionary » Demand Note

Definition Of 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.

Other Definition Of Banking Terms:

Deposit
Deposit Insurance Fund - Dif
Deposit Multiplier
Deposit Slip
Depository
Depository Transfer Check - Dtc

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