Today's financial term of the day is a Call loan. A Call loan is a type of loan is given to a brokerage firm and employed for financing margin accounts. The interest rate that is stipulated on a call loan is determined on a daily basis. The interest rate that is arrived at is called the call loan rate. In a call loan, securities are used as the collateral.
We will discuss margin accounts in another posts. Don't forget to check back daily for more financial terms of the day as well as the latest news and updates from the financial world and the blogosphere.
