What does call loan rate mean?

call loan rate meaning in Law Dictionary

The rate of interest a bank charges a brokerage firm on collateralized financial loans for the margin account clients. The call price is published daily within the Wall Street Journal.

call loan rate meaning in Business Dictionary

The interest price recharged by a lender for a call loan. A brokerage company pays the decision loan price on money it borrows from a bank to loan to its account holders as margin. An investor pays the phone call loan rate when he or she borrows funds from a brokerage company to produce margin-funded investments. Call loan rates usually operate on par with temporary rates of interest plus a percentage point or two.