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time loan

 
Dictionary: time loan
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n.
A loan to be paid within or by a specified time.


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Banking Dictionary: Time Loan
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Home > Library > Business & Finance > Banking Dictionary

Short-term business Loan that is payable in full at a specified maturity date, e.g., 30, 60, 90, or 120 days. Interest on this type of loan ordinarily is deducted (discounted) in advance when the loan is made. It differs from a Demand Loan in that the lender cannot call or demand repayment of a time loan before the maturity. Time loans are repaid from turnover of assets, for example, the sale of inventory or collection of accounts receivable. See also Discount; Term Loan.

WordNet: time loan
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Note: click on a word meaning below to see its connections and related words.

The noun has one meaning:

Meaning #1: a loan that is payable on or before a specified date

 
 

 

Copyrights:

Dictionary. The American Heritage® Dictionary of the English Language, Fourth Edition Copyright © 2007, 2000 by Houghton Mifflin Company. Updated in 2009. Published by Houghton Mifflin Company. All rights reserved.  Read more
Banking Dictionary. Dictionary of Banking Terms. Copyright © 2006 by Barron's Educational Series, Inc. All rights reserved.  Read more
WordNet. WordNet 1.7.1 Copyright © 2001 by Princeton University. All rights reserved.  Read more