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What is a demand deposit?

Topics: Business & Finance

Answers


Hyacinth Evans

Demand deposit acct. is an acct. from which a depositor may withdraw funds immediately without prior notice, as a checking acct.

Demand Deposit is a deposit subject to withdrawal at the demand of the depositor without prior notice.


Zeph Rasmussen

Demand is "An account from which deposited funds can be withdrawn at any time without any notice to the depository institution."

An account balance which can be drawn upon on demand, as with checking and savings accounts. The opposite is a term deposit.

"demand deposit" definition: An account balance which can be drawn upon on demand, i.e. without prior notice. Cha Cha

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What is a demand deposit?

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