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demand deposit

noun

Banking.
  1. a deposit subject to withdrawal at the demand of the depositor without prior notice.

demand deposit

noun

  1. a bank deposit from which withdrawals may be made without notice Compare time deposit
“Collins English Dictionary — Complete & Unabridged” 2012 Digital Edition © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012
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Word History and Origins

Origin of demand deposit1

First recorded in 1925–30
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