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Demand Deposit
(redirected from sight deposit)

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Demand Deposit
Funds in a bank account that may be withdrawn on demand of the customer. Most demand deposits are in checking accounts and savings accounts, because funds in these accounts are available to the customer at any time (unless they are under a check hold). Under the Expedited Funds Availability Act of 1987, banks in the United States must grant availability to demand deposits within a certain number of days.
demand deposit
A checking account balance held at a financial institution. Because demand deposits constitute one of the most important segments of the nation's money supply, the financial community closely monitors their size. Compare time deposit. See also M1.
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The outflow of money reduced banks' liquidity somewhat and their liquid assets fell KD 155 million in July, with time and sight deposits at CBK dropping KD 320 million and KD 92 million, respectively.
Bank credit drops by KD 18 mln in July -- NBK report by Kuwait News Agency (KUNA)
The highest growth in private sector funding was in sight deposits (current accounts, 10%, and saving accounts, 7%).
Banco Macro Announces Results for the Fourth Quarter of 2007 by PR Newswire
All banks established in Norway can have a sight deposit account with Norges Bank.
The central bank's liquidity policy in an oil economy by Fidjestol, Asbjorn / Economic Bulletin
 
 
 
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