What is the definition of demand deposit?Demand deposits can be on a checking or a savings account, andwithdrawalscan be made either from an ATM or from the bank’s cashier. Unlike term deposits, which require a predetermined period to pass by before allowing the depositor to make a withdraw...
— demand deposit : a bank deposit that can be withdrawn without prior notice — general deposit : a deposit of money in a bank that is to the credit of the depositor thereby giving the depositor the right to money and creating a debtor-creditor relationship — special deposit : a...
it deposits a layer of soil.3[transitive]to put money or somethingvaluablein a bank or other place where it will besafedeposit something in somethingYou are advised to deposit your valuables in the hotel safe.deposit something with somebody/somethingThe dollars are then deposited with banks out...
Origin of demand deposit1 First recorded in 1925–30 Discover More Compare Meanings How does demand deposit compare to similar and commonly confused words? Explore the most common comparisons: demand deposit vs. time deposit Discover More Example Sentences Six commercial banks all announced that they...
It is the money one has to deposit so that in case of any damage or loss, the owner doesn’t have to pay. It is known as a security fee which builds confidence between the owner and the customer. For example: Andy lost $300 from his security fee because of the window that shattered...
:a deposit that is made by the mutual consent of the depositor and depositary Note:The consent required may be express or implied, and because of the requirements of consent, only persons with the capacity to contract can make a voluntary deposit. ...
Atime depositis an interest-bearing account with a specific date of maturity, such as acertificate of deposit (CD). Ademand depositaccount holds funds until they need to be withdrawn, such as with a checking or savings account. Deposits can also be securities, such as stocks or bonds. When...
to be skilled in or practice the art of sketching: I can't paint, but I can draw. to shrink or contract (often followed byup). to make a demand (usually followed byonorupon): to draw on one's imagination. Medicine/Medical.
Money Market instruments, such as Treasury Bills, Certificates of Deposit, Commercial Paper, and Call Money Market instruments, are short-term financial tools that play a vital role in the Money Market. They are backed by trusted entities like the government and large corporations and can easily ...
Understanding Demand Guarantees A demand guarantee is usually issued in lieu of a cash deposit. This may be done to preserve the liquidity of the companies involved, particularly if there isn't enough free cash on hand. While this situation can be seen as a solvency issue leading tocounterparty...