A bank deposit that can be withdrawn "on demand." The term usually refers only to checking accounts, even though depositors in many other kinds of accounts may be able to write checks and regard their deposits as readily available.
Any bank deposit that can be taken out without notice or without having to wait until a specified date.
a bank deposit from which withdrawals can be made without notice
a deposit that can be withdrawn on demand at any time and in any amount up to the full amount of the deposit
Money deposited in a financial institution that can be withdrawn at any time, without prior notice.
Checking account or transaction deposit withdraw-able upon demand, as opposed to time deposit.
These deposits are payable on demand at any time the depositor elects. The deposits are drawn against by check, and no notice of withdrawal is necessary.
a type of bank account that allows money to be withdrawn at will
Deposits that can be withdrawn at any time. The most common demand deposit accounts are statement savings and checkbook accounts.
no interest checking account and funds that can be withdrawn upon demand
A type of bank account whereby the account balance can be withdrawn by the depositor without prior notice to the bank (e.g. checking accounts). The balance can be withdrawn via check, automatic teller machine or by transfers to other accounts using a PC or telephone. The Federal Reserve uses demand deposits as a primary indicator as to when to implement monetary policy because they are the largest component of the money supply.
Within the financial industry, this term is applied to moneys that can be immediately withdrawn sans prior notice. The checking account is often cited as a prime example of demand deposit.
A deposit in a bank where the depositor retains the right to withdraw at any time (on demand) without giving prior notice. Checking accounts are demand deposits.
Funds that are available to the member at any time, and which require no advance notice of withdrawal.
A monetary deposit with a financial institution that can be reclaimed by a depositor at any time during normal business hours without advance notice or a penalty.
An account balance which, without prior notice to the bank, can be drawn on by check, cash withdrawal from an automatic teller machine, or by transfer to other accounts using the telephone or home computers. Demand deposits are the largest component of the U.S. money supply. And the principal medium through which the Federal Reserve implements monetary supply.
checking account funds which are subject to withdrawal at anytime on demand by a member' s written demand (usually a check)