Question

state the meaning of demand loan​

Answer 1

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A demand loan is a loan that a lender can require to be repaid in full at any time. This condition is understood by the lender and the borrower from the outset. ... Borrowers like the convenience and flexibility associated with demand loans because they can repay them in full or in part at any time, without penalty.

Answer 2

Answer:

A demand loan is a loan that a lender can require to be repaid in full at any time. This condition is understood by the lender and the borrower from the outset. ... Borrowers like the convenience and flexibility associated with demand loans because they can repay them in full or in part at any time, without penalty.