Demand Loan Agreement

From LawDepot Law Library

Jump to: navigation, search

Definition of "Demand Loan Agreement"

A demand loan agreement is a loan agreement where the balance owing does not need to be repaid until the lender demands to be repaid. In other words, the loan is repayable “on demand”. There is no fixed end date for the repayment of the loan. Upon demand, the borrower is given a certain period of time to repay the outstanding balance of the loan agreement.

"Demand Loan Agreement" is referred to in the following legal documents:

Loan Agreement