demand 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Funds in a bank account that may be withdrawn on demand of the customer.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.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved

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.
Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor by David L. Scott. Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved. All rights reserved.

demand deposit

see BANK DEPOSIT, COMMERCIAL BANK.
Collins Dictionary of Economics, 4th ed. © C. Pass, B. Lowes, L. Davies 2005
References in periodicals archive ?
During the session, which was presided over by Speaker Raheela Hameed Khan Durrani, Mr Bizenjo presented for approval 47 demand drafts of non-development and nine of development budgets.
Demand drafts of Rs264bn for non-development and Rs88.2bn for development budgets for the next financial year were approved.
He gave his name as Naresh Sharma and opted to pay by demand draft.