What does demand deposit mean?
Definitions for demand deposit
de·mand de·posit
This dictionary definitions page includes all the possible meanings, example usage and translations of the word demand deposit.
Princeton's WordNet
demand depositnoun
a bank deposit from which withdrawals can be made without notice
ChatGPT
demand deposit
A demand deposit is a type of bank account from which deposited funds can be withdrawn at any time without any notice to the bank, such as a checking or savings account. It allows the account holder to access their funds immediately either through withdrawal, check writing, or electronic transfer. Demand deposits are the main source of liquidity for individuals and businesses.
Wikidata
Demand deposit
Demand deposits, bank money or scriptural money are funds held in demand deposit accounts in commercial banks. These account balances are usually considered money and form the greater part of the narrowly defined money supply of a country.
Matched Categories
Numerology
Chaldean Numerology
The numerical value of demand deposit in Chaldean Numerology is: 1
Pythagorean Numerology
The numerical value of demand deposit in Pythagorean Numerology is: 3
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"demand deposit." Definitions.net. STANDS4 LLC, 2024. Web. 26 Apr. 2024. <https://www.definitions.net/definition/demand+deposit>.
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