demand deposit


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: a bank deposit that can be withdrawn without advance notice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 themselves on a short-term basis via demand deposits, but also on money markets, such as that for repos. The Economist, "Repo-market ructions were a reminder of the financial crisis," 26 Sep. 2019 Checking accounts and demand deposits would bear a -4% or -5% interest rate. Charles Eisenstein, Quartz, "How a game of musical chairs can help explain our broken economy," 27 Aug. 2019 The Swiss reform would move all demand deposits from private banks to the SNB and tie its hands in costly ways (although the proposal is unlikely to pass, polls suggest a surprising third of the population are in favour). The Economist, "Central banks should consider offering accounts to everyone," 26 May 2018 The company’s troubles accelerated after news of financial stress prompted some suppliers to demand deposits and payments in advance, according to court papers. Lillian Rizzo, WSJ, "Regional Grocery Stores Feel the Squeeze," 12 Aug. 2017

These example sentences are selected automatically from various online news sources to reflect current usage of the word 'demand deposit.' Views expressed in the examples do not represent the opinion of Merriam-Webster or its editors. Send us feedback.

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First Known Use of demand deposit

1923, in the meaning defined above

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Time Traveler for demand deposit

Time Traveler

The first known use of demand deposit was in 1923

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Cite this Entry

“Demand deposit.” Dictionary, Merriam-Webster, Accessed 7 Aug. 2020.

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More Definitions for demand deposit

demand deposit

Legal Definition of demand deposit

see deposit sense 2a

Comments on demand deposit

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