demand deposit


An account balance which can be drawn upon on demand, i.e. without prior notice.

Use demand deposit in a sentence

You may need to make a quick demand deposit when you need to get your hands on some cash quickly.

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When John Smith retired he moved the money from his 401k to a demand deposit account so that he could access his money easily.

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The demand deposit account was optimal because the financial analyst recommended a flexible strategy so we had to be able to make changes as needed.

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negotiable instrument reserve ratio