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CALL MONEY

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Definition:
A loan contract which is automatically renewed every day unless the lender or the borrower indicates that it wishes the funds to be returned within a short period of time.

Source Publication:
A glossary of terms used in payments and settlement systems, July 2001, Committee on Payment and Settlement Systems, Bank for International Settlements (BIS).

Hyperlink:
http://www.bis.org/publ/cpss00b.pdf

Statistical Theme: Financial statistics

Created on Thursday, August 22, 2002

Last updated on Wednesday, April 03, 2013