demand deposit

noun

, Banking.

1. a deposit subject to withdrawal at the demand of the depositor without prior notice.

demand deposit

noun

1. a bank deposit from which withdrawals may be made without notice Compare time deposit

Word History and Origins

Origin of demand deposit¹

First recorded in 1925–30

Example Sentences

Six commercial banks all announced that they had lowered the rate for demand deposits, essentially a checking account, to 0.2 percent from 0.25 percent.

From New York Times

That number reportedly includes “personal property and demand deposit accounts, financial accounts, insurance policies and royalties.”

From Los Angeles Times

But now, sellers may demand deposits of $1,000, and sometimes as much as $2,500.

From New York Times

They did not take federally insured demand deposits from the general public who had no means of policing their affairs.

From New York Times

Commercial banks that wished to keep making loans would raise long-term capital in the debt and equity markets, ending the mismatch between demand deposits and long-term loans that can cause liquidity problems.

From Wall Street Journal