One of the mysteries of the English language finally explained.
A deposit of money that can be withdrawn without prior notice, e.g. in a current account.
- ‘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.’
- ‘Do nothing - except put the money in an easily accessible demand deposit account.’
- ‘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.’
- ‘Many financial institutions offer derisory returns of 0.1 per cent or slightly more on demand deposit accounts.’
Top tips for CV writingRead more
In this article we explore how to impress employers with a spot-on CV.