Demand Loan

Loan (such as an overdraft) with or without a fixed maturity date, but which can be recalled anytime (often on a 24-hour notice) by the lender and must be paid in full on the date of demand. Also, the borrower can pay off a demand loan at any time without incurring early-payment penalties. Also called call loan or mone

A permanent move down the demand curve towards reduced demand. It is often used

the context of oil and energy products where high prices or reduced supply can lead to a permanent reduction in demand.
the context of oil and energy products where high prices or reduced supply can lead to a permanent reduction in demand.

Bill of exchange payable on demand that is on presentment ('on sight'). Person or party that wrote the draft is called a drawer; the person, party, or bank who is expected to pay it (on whom it is drawn) is called a 'drawee' or a 'payer,' and the person or party who receives the payment is called a 'payee.' A check is a demand draft drawn on a bank.