Definition of demand deposit in English:

demand deposit

noun

  • A deposit of money that can be withdrawn without prior notice.

    • ‘Many financial institutions offer derisory returns of 0.1 per cent or slightly more on demand deposit accounts.’
    • ‘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.’

Pronunciation:

demand deposit

/dēˈpäzət//dēˈmand dəˈpäzət//dəˈmand/