These deposits are payable on demand at any time the depositor elects The deposits are drawn against by check, and no notice of withdrawal is necessary
Money placed with a financial institution that must be returned upon demand by its owner; checking account is the most common form
(p 657) The technical name for a checking account; the money in a demand deposit can be withdrawn anytime on demand from the owner
A type of bank account whereby the account balance can be withdrawn by the depositor without prior notice to the bank (e g checking accounts) The balance can be withdrawn via check, automatic teller machine or by transfers to other accounts using a PC or telephone The Federal Reserve uses demand deposits as a primary indicator as to when to implement monetary policy because they are the largest component of the money supply
A deposit into a checking or savings account which checks can be drawn on or funds removed without any advance notice
Any bank deposit that can be taken out without notice or without having to wait until a specified date
Money placed in or credited to a commercial bank account which the depositor is legally entitled to withdraw on demand without prior notice In practice, most withdrawals are in the form of checks which merely transfer sums within the banking system Demand deposits are also known as deposit currency or checkbook money HA 432
A deposit that may be withdrawn at any time without prior written notice to the depository institution A checking account is the most common form of demand deposit
An account where the depositor can withdraw at any time without prior approval or penalty
Funds that may be withdrawn from a bank without advance notice Checking accounts are the most common form of demand deposits
Funds on deposit with banks which are subject to immediate withdrawal by the depositor(s) Commonly known as checking accounts, demand deposits are different from time deposits, commonly referred to as savings accounts, which require the depositor to wait a specified period of time before withdrawing or else pay a penalty for early withdrawal
Money deposited in a financial institution that can be withdrawn at any time, without prior notice
Money in chequing accounts; counted as M-1 because such funds may be withdrawn at any time without notice