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demand deposit

noun

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

demand deposit

noun

  1. See time deposit
    a bank deposit from which withdrawals may be made without notice Compare time deposit

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Word History and Origins

Origin of demand deposit1

First recorded in 1925–30

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Example Sentences

In other words, what are the banking costs in the granting of demand deposit rights to customers?

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