Demand Deposit

An account from which deposited funds can be withdrawn at any time without any notice to the depository institution.

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.

Investment dictionary. . 2012.

Look at other dictionaries:

  • demand deposit — see deposit 2a Merriam Webster’s Dictionary of Law. Merriam Webster. 1996 …   Law dictionary

  • demand deposit — ☆ demand deposit n. Banking a deposit that may be withdrawn on demand, without advance notice …   English World dictionary

  • demand deposit — A deposit account that permits the depositor to withdraw funds on demand. Usually, but not always, a checking account. Sometimes called demand deposit account ( DDA). American Banker Glossary * * * demand deposit demand deposit ➔ deposit1 * * *… …   Financial and business terms

  • Demand deposit — Banking A series on Financial services …   Wikipedia

  • demand deposit — demand′ depos it n. bus a bank deposit subject to withdrawal at the demand of the depositor without prior notice • Etymology: 1925–30 …   From formal English to slang

  • demand deposit — A bank deposit payable on demand or within a specified number of days after demand. 10 Am J2d Banks § 356 …   Ballentine's law dictionary

  • demand deposit — Banking. a deposit subject to withdrawal at the demand of the depositor without prior notice. [1925 30] * * * …   Universalium

  • demand deposit — noun a bank deposit from which withdrawals can be made without notice • Hypernyms: ↑deposit, ↑bank deposit …   Useful english dictionary

  • demand deposit — noun Date: 1923 a bank deposit that can be withdrawn without advance notice …   New Collegiate Dictionary

  • demand deposit — /dɪ mɑ:nd dɪˌpɒzɪt/ noun US money in a deposit account which can be taken out when you want it by writing a cheque …   Marketing dictionary in english

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