What is Demand Deposit?
Demand Deposit A bank account from which funds may be withdrawn at any time without notice, typically used for day-to-day liquidity management and accessible via checks, debit, or electronic transfer.
Source: CFA Institute, IFRS Foundation, FASB (GAAP), Basel III Framework
How is “Demand Deposit” Used in Practice?
Corporates maintain demand deposit accounts for operational liquidity, enabling same-day settlement of payments and cash management activities.
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Who Needs to Know This Term?
- Financial Analysts
- Bankers
- Traders
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What is Demand Deposit?
A bank account from which funds may be withdrawn at any time without notice, typically used for day-to-day liquidity management and accessible via checks, debit, or electronic transfer.
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