demand deposit

(redirected from sight deposit)
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Related to sight deposit: time deposit, demand deposit

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Funds in a bank account that may be withdrawn on demand of the customer.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.

demand deposit

see BANK DEPOSIT, COMMERCIAL BANK.
References in periodicals archive ?
In this case, a bank makes a deposit at a fixed rate for a given period, and the balance on its sight deposit account is reduced by a corresponding amount during that period.
To what extent the exchange rate will depreciate as a result of a reduction in the sight deposit rate depends on several factors.
By providing and absorbing liquidity by means of fixed-rate loans and deposits (see separate box for definition), Norges Bank ensures that at the end of each day the banking system has sight deposits of the order of NOK 5-12 billion in Norges Bank.
savings accounts and time deposits, current (checking) accounts, banker's drafts and other sight deposits, mortgage bonds and domestic borrowings) grew by Ch$352,354 million, or 16.
Dinar sight deposits (KWD -198 million) and foreign currency deposits (KWD -74 million) were again behind the declines, most likely due to seasonal factors.
Norges Bank influences money market rates by using its key rates to set a corridor for interest rates, ie banks' interest rates on sight deposits in Norges Bank (deposit rate) and the interest rate on overnight loans to banks (overnight lending rate).
BB is the largest financial conglomerate in Brazil and a market leader in several segments, agricultural and export financing, asset management and deposits, due to its strong base of sight deposits, time deposits and savings.
The declines were in dinar sight deposits (-KWD 397 million) and foreign currency deposits (-KWD 140 million).
1 percent) as KD sight deposits dropped in February.
Sight deposits accounted for 11 percent of total funding in June 1995, while deposits made up another 55 percent.
There has been a shift from sight deposits to time deposits, fuelled by the increased use of direct access channels.
Sight deposits were also up a good KWD 156 million.