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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A bank deposit that can be withdrawn "on demand.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
- Synonym(s):
- Blossary:
- Industry/Domain: Economy
- Category: International economics
- Company: University of Michigan
- Product:
- Acronym-Abbreviation:
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