demand deposit


noun Banking.

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. 2019

British Dictionary definitions for demand deposit

demand deposit

noun

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