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For Sale Dictionary banking product .com domain name DemandLoan.com

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Dictionary banking product .com domain name DemandLoan.com

.COM Domain name for banks.

Demand Loan

For temporary and short-term needs. The Demand Loan is terminable at the option of either the borrower or the bank, and does not have a fixed maturity date or scheduled principal amortization.

A Demand Loan may be right for you if you would be financing pending receipt of funds with the pending sale of real estate, a permanent financing source such as a student loan, pending distribution such as insurance proceeds or maturing investments and or seasonal or other merchandise sales.

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Demand loans are loan agreements that provide the lender with the ability to demand full payment of the remaining balance of the loan at any point in time after the loan is executed. Unlike an installment loan, the demand loan format does not include a specific maturity date and may not include a specific schedule for making payments to retire the debt. Sometimes referred to as a call loan, a demand loan is usually employed when the lender and borrower have a long standing and positive business relationship, and the lender has confidence that the borrower will pay off the loan within a reasonable period of time.

{Read here: www.wisegeek.com/what-is-a-demand-loan.htm}

Price: $2,790
 
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