demand deposit

American

noun

Banking.

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

demand deposit British

noun

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

Etymology

Origin of demand deposit

First recorded in 1925–30

Compare meaning

How does demand-deposit compare to similar and commonly confused words? Explore the most common comparisons:

demand deposit vs. time deposit

Example Sentences

Examples are provided to illustrate real-world usage of words in context. Any opinions expressed do not reflect the views of Dictionary.com.

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

From Los Angeles Times • Dec. 28, 2022

The bank did not refuse or delay servicing a withdrawal from a demand deposit.

From Forbes • Apr. 25, 2015

In other words, what are the banking costs in the granting of demand deposit rights to customers?

From Readings in Money and Banking Selected and Adapted by Phillips, Chester Arthur

Definitions and idiom definitions from Dictionary.com Unabridged, based on the Random House Unabridged Dictionary, © Random House, Inc. 2023