demand deposit

noun

, Banking.

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

demand deposit

noun

1. See time deposit
   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

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

From Project Gutenberg