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demand deposit

noun, Banking.
a deposit subject to withdrawal at the demand of the depositor without prior notice.
Origin of demand deposit
1925-30 Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2015.
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Examples from the web for demand deposit
  • 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.
  • demand deposit accounts are necessary for the payment of the warrant cash letter.
  • The suspension applies to demand deposit and time deposit securities.
British Dictionary definitions for demand deposit

demand deposit

a bank deposit from which withdrawals may be made without notice Compare time deposit
Collins English Dictionary - Complete & Unabridged 2012 Digital Edition
© William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins
Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012
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