: a bank deposit that can be withdrawn without advance notice
Examples of demand deposit in a Sentence
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In 1933, the Banking Act prohibited banks from paying interest on demand deposits and gave the Fed authority to cap rates on savings deposits.—Christian Catalini, Forbes.com, 20 Apr. 2026 Noninterest-bearing demand deposits accounted for 37% of total deposits.—Quartz Intelligence Newsroom, Quartz, 1 Apr. 2025