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.

Related Terms: 11 Broker, Clear, Clearing, Call, Delivery, ECU, Loan, Morning loan, Purchase, Ring, SEC

Other Related Pages: Category: Lending_and_Credit Starting With: D

Additional Related Terms: 10-K, 30-day wash rule, Allowance for depreciation, Agent bank, Automatic Clearing House, Accrual of discount, Amortization of premium, At par, All or any part, At best