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demand deposit

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noun Banking.
  1. a deposit subject to withdrawal at the demand of the depositor without prior notice.

Origin of demand deposit

First recorded in 1925–30
Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2018
British Dictionary definitions for demand deposit

demand deposit

noun
  1. a bank deposit from which withdrawals may be made without noticeCompare time deposit
Collins English Dictionary - Complete & Unabridged 2012 Digital Edition © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012