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The term demand loan refers to a loan A. that the lender can increase at any time. B. that the lender can apply for and then receive later. C. that has no maximum limit. D. for which the entire balance must be paid immediately at the lender's request.
Question
Asked 2/23/2012 11:02:47 AM
Updated 3/1/2015 1:27:02 PM
1 Answer/Comment
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Flagged by Wallet.ro [3/1/2015 1:27:02 PM]
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User: The term demand loan refers to a loan A. that the lender can increase at any time. B. that the lender can apply for and then receive later. C. that has no maximum limit. D. for which the entire balance must be paid immediately at the lender's request.

Weegy: A.
kdillon|Points 169|

Question
Asked 2/23/2012 11:02:47 AM
Updated 3/1/2015 1:27:02 PM
1 Answer/Comment
This conversation has been flagged as incorrect.
Flagged by Wallet.ro [3/1/2015 1:27:02 PM]
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The term demand loan refers to a loan: for which the entire balance must be paid immediately at the lender's request.
Added 3/1/2015 1:27:00 PM
This answer has been confirmed as correct and helpful.
Confirmed by selymi [3/17/2015 12:22:54 AM]
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Questions asked by the same visitor
If a borrower is required to provide collateral, then the loan is considered: A. unsecured B. secured C. prime D. subprime
Question
Updated 4/3/2015 8:52:10 AM
1 Answer/Comment
If a borrower is required to provide collateral, then the loan is considered: SECURED.
Added 4/3/2015 8:52:10 AM
This answer has been confirmed as correct and helpful.
Confirmed by yumdrea [4/22/2016 4:16:27 AM]
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