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. 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. 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funds consist of funds kept in a bank account from which deposited funds, such as checking accounts, can be withdrawn at any time.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. ‘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.
noun
Demand Deposit
A deposit of money that can be withdrawn without prior notice.
‘Money will move from Joe's demand deposit account to a money market demand deposit account with a bank.’- ‘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 another job.’
- ‘Do nothing - except put the money in an easily accessible demand deposit account.’
- ‘Many financial institutions offer derisory returns of 0.1 per cent or slightly more on demand deposit accounts.’