Call loan. A loan payable on call or demand ; collateral is usually provided to secure the loan.  In
New York state the requirement that not more than 6 per cent interest shall be charged on money
loaned does not apply to call loans. The law says : "Upon advances of money repayable on
demand to an amount not less than five thousand dollars made upon warehouse receipts, bills of
lading, certificates of stock, certificates of deposit, bills of exchange, bonds or other negotiable
instruments, pledged as collateral security for such repayment, any bank or individual banker may
receive or contract to receive and collect, as compensation for making such advances, any sum to
be agreed upon in writing by the parties to such transaction."