Definition of demand deposit in English:

demand deposit

Line breaks: de¦mand de|posit

noun

  • A deposit of money that can be withdrawn without prior notice, e.g. in a current account.
    More example sentences
    • Money will move from Joe's demand deposit account to a money market demand deposit account with a bank.
    • An individual can exercise his demand for money either by holding it in his pocket or in his house or by placing it in the custody of a bank in a demand deposit or even in a safe deposit box.
    • Finally, I would advise Fiona to simply lodge her redundancy cheque to a demand deposit account and not to invest it until she has secured another job.

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