Explanation of "Call Loan"
Definition: A "call loan" is a type of loan that the lender can ask to be paid back at any time. This means that the borrower may need to repay the loan immediately if the lender makes a "call" for it.
Usage Instructions:
Context: "Call loan" is often used in finance and banking. It is important to know that this type of loan can be risky for borrowers since they might not have time to gather the money needed to repay it.
When to Use: You would use "call loan" when discussing loans that have flexible repayment terms but can also create financial pressure.
Example:
Advanced Usage:
In finance, call loans are often used by brokers and traders to finance their investments. They can take advantage of quick capital but must be aware that they could be required to repay their loans at any moment.
Word Variants:
Call: This word can stand alone, meaning to request or demand something.
Loan: This can refer to any borrowed money that needs to be repaid.
Different Meanings:
The term "call" can also mean to telephone someone.
"Loan" can refer to borrowing any item, not just money (e.g., borrowing a book).
Synonyms:
Idioms and Phrasal Verbs:
"Call in a loan": This phrase means to request repayment of the loan.
"Call someone's bluff": While not directly related, this means to challenge someone to prove their claims, which can relate to financial situations.
Summary:
A "call loan" is a financial term for a loan that can be requested for repayment at any time by the lender.