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demand deposit

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demand deposit

 
Use demand deposit in a Sentence
–noun Banking.
a deposit subject to withdrawal at the demand of the depositor without prior notice.
Origin:
1925–30
Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2009.
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Foreclosure Investing
12% Interest Return on Deposits Secured investment !
www.CornerBroker.com
demand deposit  
n.  A bank deposit that can be withdrawn without advance notice.
The American Heritage® Dictionary of the English Language, Fourth Edition
Copyright © 2009 by Houghton Mifflin Company.
Published by Houghton Mifflin Company. All rights reserved.
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Financial Dictionary

Demand Deposit

An account from which deposited funds can be withdrawn at any time without any notice to the depository institution.

Investopedia Commentary

This account allows you to "demand" your money at any time, unlike a term deposit, which cannot be accessed for a predetermined period (the loan's term).

Most checking and savings accounts are demand deposits, accessible by the account holder at any time.

Related Links

Investing 101: A Tutorial for Beginner Investors
Money Market Tutorial

See also: Account, Checking Account, Savings Account, Sweep Account, Term Deposit

Also spelled: DDA

Investopedia.com. Copyright © 1999-2005 - All rights reserved. Owned and Operated by Investopedia Inc.
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Financial Dictionary

demand deposit

A checking account balance held at a financial institution. Because demand deposits constitute one of the most important segments of the nation's money supply, the financial community closely monitors their size. Compare time deposit. See also M1.

Wall Street Words: An A to Z Guide to Investment Terms by David L. Scott.
Copyright © 2003. Published by Houghton Mifflin.
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Legal Dictionary

Main Entry: demand deposit
see DEPOSIT 2a
Merriam-Webster's Dictionary of Law, © 1996 Merriam-Webster, Inc.
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