call loan

noun

Definition of call loan

: a loan payable at the discretion of the borrower or on demand of the lender

Examples of call loan in a Sentence

Recent Examples on the Web They had each borrowed money at high interest rates from a local lender called Loans for Less and were sued for owing sums that ranged from $800 to $3,600. Anjali Tsui, ProPublica, "They Loan You Money. Then They Get a Warrant for Your Arrest.," 3 Dec. 2019

These example sentences are selected automatically from various online news sources to reflect current usage of the word 'call loan.' Views expressed in the examples do not represent the opinion of Merriam-Webster or its editors. Send us feedback.

First Known Use of call loan

1848, in the meaning defined above

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Time Traveler for call loan

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The first known use of call loan was in 1848

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Cite this Entry

“Call loan.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/call%20loan. Accessed 25 Nov. 2020.

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