Demand deposit

Demand deposit

A bank deposit that can be withdrawn "on demand. " The term usually refers only to checking accounts, even though depositors in many other kinds of accounts may be able to write cheques and thus regard their deposits as readily available.

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Part of Speech: noun
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Blossary:
Industry/Domain: Economy
Category: International economics
Company: University of Michigan
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Related terms

demand deposit

Economy; International economics

A bank deposit that can be withdrawn "on demand. " The term usually refers only to checking accounts, even though depositors in many other kinds of accounts may be able to write ...

demand deposits

Economy; Economics

Balances in bank accounts that depositors can access on demand by writing a check.

demand deposits

Financial services; General Finance

Checking accounts that pay no interest and from which funds can be withdrawn upon demand.

demand deposit

Accounting; Tax

The technical name for a checking account or any other type of account where the funds can be withdrawn without prior notice

demand deposit

Economy; Economics

Demand deposits, bank money or scriptural money are funds held in demand deposit accounts in commercial banks. These account balances are usually considered money.

demand deposit

Banking; General banking

A deposit of funds that can be withdrawn without any advance notice.

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