Demand Deposit

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Demand deposits definition economics

A deposit subject to withdrawal at the demand of the depositor without prior notice. Demand Deposits Definition. A demand deposit is an account with a bank or other financial institution that allows the depositor to withdraw his or her funds from the account without warning or with less than seven days' notice. Requirements. The key requirements of DDA accounts are no limitations on withdrawals or transfers, no set maturity or lockup period, accessible on-demand, and no. ‘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. Demand deposits or non-confidential funds consist of funds kept in a bank account from which deposited funds, such as checking accounts, can be withdrawn at any time. Usually, these account balances are called capital and constitute the main part of a country’s narrowly defined money supply. A deposit subject to withdrawal at the demand of the depositor without prior notice Most material © 2005, 1997, 1991 by Penguin Random House LLC. Modified entries © 2019 by Penguin Random House LLC and HarperCollins Publishers Ltd.


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Related to demand deposit: time deposit, Saving Deposit

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Funds in a bank account that may be withdrawn on demand of the customer.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

Demand deposit meaning see BANK DEPOSIT, COMMERCIAL BANK.
Collins Dictionary of Economics, 4th ed. © C. Pass, B. Lowes, L. Davies 2005

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Demand Deposits

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Demand Deposit Definition

Demand Deposit Vs Time Deposit