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Demand deposit

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demand deposit investment & finance definition
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A type of checking account from which funds can be withdrawn at any time by check or cash withdrawal without giving the bank or financial institution any prior notice.

 


Demand deposit account
An account from which a depositor may withdraw funds immediately without prior notice, commonly known as a checking account.

Demand deposits are funds that are deposited in bank accounts and are available for withdrawal at the discretion of the depositor.

Demand Deposit A type of account that pays funds on demand (e.g., a checking or current account) by checks, cash withdrawals or electronic fund transfers.

Demand Deposit
An account from which deposited funds can be withdrawn at any time without any notice to the depository institution.
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Demand deposits
Checking accounts that pay no interest and from which funds can be withdrawn upon demand.
Demand line of credit
A bank line of credit that enables a customer to borrow on a daily or on-demand basis.

Includes demand deposits time deposits and money market mutual funds excluding large CDs.
M3:
In the UK it is M1 plus public and private sector time deposits and sight deposits held by the public sector.

demand deposit An account balance capable of being drawn upon on demand or without prior notice. demand elasticity The percentage change in quantity demanded per a one percent change in price.

M1 : Cash in circulation plus demand deposits at commercial banks. There ...
M2 : Includes demand deposits, time deposits and money market mutual fund...
M3 : In the UK it is M1 plus public and private sector time deposits and ...

[ITDS] ATS accounts Automatic transfer from savings to demand deposit accounts. [WCSU] attached house any low-rise residential structure attached to another by a shared wall, such as a row house or town house.

Slugs are offered in both time deposit and demand deposit forms. Time deposit certificates have maturities of up to one year. Notes mature in one to ten years and bonds mature in more than ten years.

This is a measure of the United States' supply of money, including M1 (currency in circulation, demand deposits, non-blank traveller's checks, and other checking deposits) plus money market funds, savings accounts, overnight euro dollars, ...

Cash in circulation plus demand deposits at commercial banks. There are variations between the precise definitions used by national financial authorities.
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Regulation passed by the Federal Reserve that prohibited payment of interest on demand deposits and prescribed maximum rates banks could pay on time deposits. These ceilings had been imposed since 1933 by the U.S. government.


M1 One measure of the domestic money supply that includes currency, demand deposits, traveler's checks, and all other checkable deposits " i.e. only money that is ordinarily used for spending.

Reserve Requirements: The minimum amount of cash and liquid assets as a percentage of demand deposits and time deposits that member banks of the Federal Reserve are required to maintain.

Liquid assets: Cash or assets easily convertible to cash, such as Treasury bills, money market fund shares, or demand deposits.
Liquidate: Convert into cash, using the cash to satisfy creditors.

Also, many people get these confused with CD's. They are in fact quite different: CD's are time deposit accounts whereas money market accounts are demand deposit accounts. This means you can take your money out whenever you choose. ...

In has to be noted that the time deposits pay higher interest rate than demand deposits such as checking accounts. The reason is that the holders cannot withdraw the time deposits at their convenience.

See also: Demand, Deposit, Market, Option, Institution

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