Although an overdraft facility may be authorised, technically the money is repayable on demand by the bank.
2.
{{ Cquote | It must be a common thing indeed for a parent or a parent-in-law to make a loan of money to a son or daughter or a son-in-law which both of them know is a loan, as to which it is obvious that there is no immediate prospect of repayment, but which in law is a loan repayable on demand.
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