noun
Demand Deposits Definition. A demand deposit is an account with a bank or other financial institution that allows the depositor to withdraw his or her funds from the account without warning or with less than seven days' notice. Requirements. The key requirements of DDA accounts are no limitations on withdrawals or transfers, no set maturity or lockup period, accessible on-demand, and no. 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funds consist of funds kept in a bank account from which deposited funds, such as checking accounts, can be withdrawn at any time.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.
Demand Deposit Account (Current or Checking Account) Demand Deposit account (current or checking) is a non-interest-bearing account that offers the greatest liquidity. It can be opened and operated by individual and businesses as well as a legal agent in the name. Demand Deposit Account Discover free flashcards, games, and test prep activities designed to help you learn about Demand Deposit Account and other concepts. They're customizable and designed to help you study and learn more effectively. Definition of demand deposit: a bank deposit that can be withdrawn without advance notice Examples of demand deposit in a Sentence Recent Examples on the Web Get our daily newsletter Banks fund.
Demand Deposit Definition Economics
Meaning Of Demand Deposits
Demand Deposit Account
A deposit of money that can be withdrawn without prior notice.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.’