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Definitions from WordNet

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Demand Deposit

A demand deposit refers to a type of account held by a bank customer in which funds are deposited and can be withdrawn at any time without any prior notice.

Sense 1: Financial

In the financial context, a demand deposit is a type of bank account that allows the account holder to access their funds on-demand, without any restrictions or limitations. It is typically used for everyday transactions and provides convenience and flexibility to the account holder.

Sample Sentence:

"I keep most of my money in a demand deposit account as it allows me to access it easily whenever I need it."

Sense 2: Economics

In economics, demand deposits are deposits made by individuals or organizations in banks that can be fully withdrawn on demand. They are a significant component of the money supply in a country and play a crucial role in the functioning of the economy.

Sample Sentence:

"The central bank closely monitors the level of demand deposits in the banking system to ensure stability in the economy."

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