demand deposit

noun

: a bank deposit that can be withdrawn without advance notice

Examples of demand deposit in a Sentence

Recent Examples on the Web
Examples are automatically compiled from online sources to show current usage. Read More Opinions expressed in the examples do not represent those of Merriam-Webster or its editors. Send us feedback.
The demand deposit rate fell to 0.05% from 0.1%, and the 1-Year deposit rate dropped below 1% for the first time, to 0.95%. Brendan Ahern, Forbes.com, 20 May 2025 Noninterest-bearing demand deposits accounted for 37% of total deposits. Quartz Intelligence Newsroom, Quartz, 1 Apr. 2025

Word History

First Known Use

1923, in the meaning defined above

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

Browse Nearby Words

Cite this Entry

“Demand deposit.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/demand%20deposit. Accessed 7 Sep. 2025.

Legal Definition

demand deposit

see deposit sense 2a

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