demand deposit

noun Banking.
a deposit subject to withdrawal at the demand of the depositor without prior notice.

Origin:
1925–30

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Based on the Random House Dictionary, © Random House, Inc. 2014.
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World English Dictionary
demand deposit
 
n
Compare time deposit a bank deposit from which withdrawals may be made without notice

Collins English Dictionary - Complete & Unabridged 10th Edition
2009 © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins
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Example sentences
Subscribers may invest in time deposit or demand deposit types of securities.
Pouches can contain loan payments, transactions for demand deposit accounts, or
  other types of transactions.
The relevant product is the demand deposit account that a consumer has at a
  bank.
Trust bank accounts for real estate sales or business opportunity transactions
  shall be interest bearing demand deposit accounts.
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