Definition of Demand Deposit

A deposit that a customer has with a bank or other financial institution that will allow them to withdraw the money at any time or on demand.

Applying "Demand Deposit" to Securities Exams:

A demand deposit is the formal name for a checking account or other account containing cash or cash equivalents that has check writing privileges.

Preparing for an Exam?

Receive 15% off all your Securities Exam Prep materials

Please wait....

Your Cart