demand deposit

noun

Banking.

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

demand deposit

noun

1. a bank deposit from which withdrawals may be made without notice Compare time deposit

Word History and Origins

Origin of demand deposit¹

First recorded in 1925–30

Example Sentences

Six commercial banks all announced that they had lowered the rate for demand deposits, essentially a checking account, to 0.2 percent from 0.25 percent.

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That number reportedly includes “personal property and demand deposit accounts, financial accounts, insurance policies and royalties.”

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But now, sellers may demand deposits of $1,000, and sometimes as much as $2,500.

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They did not take federally insured demand deposits from the general public who had no means of policing their affairs.

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Commercial banks that wished to keep making loans would raise long-term capital in the debt and equity markets, ending the mismatch between demand deposits and long-term loans that can cause liquidity problems.

Read more on The Wall Street Journal