A demand deposit account and aterm depositaccount are both types of financial accounts offered by banks and credit unions. But they differ in accessibility or liquidity, and in the amount of interest that can be earned on the deposited funds. Basically, a DDA allows funds to be accessed any ...
Definition of demand deposit account in the Financial Dictionary - by Free online English dictionary and encyclopedia. What is demand deposit account? Meaning of demand deposit account as a finance term. What does demand deposit account mean in finance?
The demand deposit definition in banking is when a customer deposits money into a bank account which can be withdrawn at any time. Demand deposit is a type of bank account that customers use when they need to access funds on-demand. Usually, the funds are used for normal life expenses and...
Define Demand Deposits. Demand Deposits synonyms, Demand Deposits pronunciation, Demand Deposits translation, English dictionary definition of Demand Deposits. n. A bank deposit that can be withdrawn without advance notice. American Heritage® Dictiona
Demand account Definition A demand account (or demand deposit) is a deposit account held at a bank or other financial institution, the funds deposited in which are payable on demand. The primary purpose of demand accounts is to facilitate cashless payments by means of check, bank draft, direct...
Definition:Demand deposit funds deposited in a bank account at a low or a zero interest rate, which allows depositors to directly withdraw their money and issue bank checks up to the limit of their account balance at any time. What Does Demand Deposit Mean?
Since the Federal Reserve requires banks to have reserves on hand to cover daily withdrawal requests, it has defined a demand deposit account in its Regulation D. Read Demand Deposit | Definition, Types & Examples Lesson Recommended for You Video: What Is a Bank Loan? Video: Check Clearing ...
Definition of Demand deposits Demand deposits Checking accounts that pay no interest and can be withdrawn upon demand. Related Terms: Money supply M1-A: Currency plus demand deposits M1-B: M1-A plus other checkable deposits. M2: M1-B plus overnight repos, money market funds, savings, ...
Class A Cash Collateral Account means, in respect of the Class A Liquidity Facility, an Eligible Deposit Account in the name of the Subordination Agent maintained at an Eligible Institution, which shall be the Subordination Agent if it so qualifies, into which amounts shall be deposited as refer...
Definition of demand during lead time in the Financial Dictionary - by Free online English dictionary and encyclopedia. What is demand during lead time? Meaning of demand during lead time as a finance term. What does demand during lead time mean in finan