What is another word for demand loan?
Pronunciation: [dɪmˈand lˈə͡ʊn] (IPA) 
Demand loan, also known as a call loan or a short-term loan, is a type of loan that is payable on demand by the lender. This type of loan is often used for short-term business needs, such as inventory purchases, payroll, and other operating expenses. Some synonyms for demand loan include overdraft facility, line of credit, revolving credit, and open account. Each of these terms refers to a type of credit that allows borrowers to access funds as needed, up to a certain limit. While these terms may be used interchangeably, they often have slightly different meanings depending on the context in which they are used.
