demand deposit

noun

: a bank deposit that can be withdrawn without advance notice

Example Sentences

Recent Examples on the Web In economies dominated by digital solutions, the medium of exchange has de facto defaulted to bytes expressing a particular type of agreement (i.e., the terms of a demand deposit account, or certificate of deposit). Christian Kameir, Forbes, 7 July 2022 The latter are grouped under the label M1 by the Federal Reserve and, aside from physical cash, include funds recorded in demand deposit accounts, aka checking accounts. Christian Kameir, Forbes, 1 Mar. 2021 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, 26 Sep. 2019 Checking accounts and demand deposits would bear a -4% or -5% interest rate. Charles Eisenstein, Quartz, 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, 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, 12 Aug. 2017 See More

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.

Word History

First Known Use

1923, in the meaning defined above

Time Traveler
The first known use of demand deposit was in 1923

Dictionary Entries Near demand deposit

Cite this Entry

“Demand deposit.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/demand%20deposit. Accessed 9 Dec. 2022.

Legal Definition

demand deposit

see deposit sense 2a

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