Definition of demand deposit in English:
A deposit of money that can be withdrawn without prior notice, e.g. in a current account.
- 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.
Definition of demand deposit in:
- US English dictionary
What do you find interesting about this word or phrase?
Comments that don't adhere to our Community Guidelines may be moderated or removed.
Most popular in the US
Most popular in the UK
Most popular in Canada
Most popular in Australia
Most popular in Malaysia
Most popular in Pakistan