A bank loan to a broker for the purchase of securities pending delivery through clearing later the same day. also called morning loan.
Related information about day loan:
- Day Loan - Financial Dictionary - The Free Dictionary
A loan from a bank to a broker prior to the delivery of securities. Upon the delivery of the securities, a day loan becomes a regular broker call loan for which ...
- What is day loan? definition and meaning
Definition of day loan: A bank loan to a broker for the purchase of securities pending delivery through clearing later the same day. also called morning loan.
- Payday loan - Wikipedia, the free encyclopedia
A payday loan (also called a payday advance) is a small, short-term unsecured loan "regardless of whether repayment of loans is linked to a borrower's payday".
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