Call Money

Tax Glossary Definition

Call Money

Call Money – Call money refers to very short-term loans exchanged between banks and financial institutions to meet immediate liquidity requirements. These funds are usually borrowed or lent for a period ranging from one day (overnight) to a maximum of 14 days, forming an essential part of the money market that supports day-to-day banking operations.

Example: When a bank experiences a temporary cash shortage, it may borrow call money from another bank to maintain its required reserve balance.

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