Demand Deposit
Posted on by admin
Demand Deposit Rating: 3,8/5 7632 reviews
noun
A deposit of money that can be withdrawn without prior notice.
‘Money will move from Joe's demand deposit account to a money market demand deposit account with a bank.’- ‘An individual can exercise his demand for money either by holding it in his pocket or in his house or by placing it in the custody of a bank in a demand deposit or even in a safe deposit box.’
- ‘Finally, I would advise Fiona to simply lodge her redundancy cheque to a demand deposit account and not to invest it until she has secured another job.’
- ‘Do nothing - except put the money in an easily accessible demand deposit account.’
- ‘Many financial institutions offer derisory returns of 0.1 per cent or slightly more on demand deposit accounts.’
Demand Deposit Account
Are You Learning English? Here Are Our Top English Tips
Demand Deposits
Also found in: Dictionary, Thesaurus, Wikipedia.
Related to demand deposit: time deposit, Saving Deposit
Demand Deposits Define
Demand Deposit
Demand deposits are funds held in: checking accounts. If the ratio of reserves to deposits (rr) increases, while the ratio of currency to deposits (cr) is constant and the monetary base (B) is constant, then: the money supply decreases. Demand Deposit is a bank account that allows the depositor to withdraw funds on demand without any advance notice to the bank. An easy example is the Checking account. It provide the funds user needed to purchase household expenses or daily expenses.
Funds in a bank account that may be withdrawn on demand of the customer.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
Time And Demand Deposit Meaning
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
Want to thank TFD for its existence? Tell a friend about us, add a link to this page, or visit the webmaster's page for free fun content.
Link to this page: