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TeachMeFinance.com - explain Call Money Call Money -- Money lent by banks on a short term basis which the bank, as lender, can "call" (demand payment at any time, usually on 24 hours notice.) historic definition... Call money -- Money borrowed which is returnable on the call or demand of the lender. Copyright © 2005 by Mark McCracken, All Rights Reserved. TeachMeFinance.com is an informational website, and should not be used as a substitute for professional financial or legal advice. TeachMeFinance.com and its owner recommend consultation with a professional financial advisor prior to any investment or financial decision. Please read our disclaimer.