Call Money

(redirected from broker's loan)
Also found in: Dictionary, Financial.

Call Money

 

a form of short-term commercial credit that must be paid back by the borrower upon the first demand of the creditor.

Capitalist banks give such credit against promissory notes, commodities, and securities. The interest rates for call loans are lower than for term loans. This is advantageous for capitalist firms and enterprises that use call money to meet urgent short-term credit requirements. Call loans are bank assets that have high liquidity; they may be called in at any time. Under imperialism call money drawn against securities is frequently used for stock market speculation. Call money is not employed by socialist banks.

References in periodicals archive ?
Any broker or lender could quickly recite the limitations of faxed rate sheets: lost faxes, outdated rates, difficulty managing midday rate changes, no way to distribute to reps in the field, no intelligent adjustments, no integration with the broker's loan origination system and the fact that rate locks take time and manual work via phone and fax.
Such information would be fed back directly to the broker's loan origination system from the AUS providers.
Volume used to be the driving factor, but now we are focused on quality just as much as quantity--and this is only possible because we now have the metrics to judge the quality of a broker's loans.