Demand Deposit

B2 16+
Pronunciation Definitions Examples Grammatical Forms Origin and Evolution

Pronunciation: /dɪˈmænd dɪˈpɑzɪt/

Definitions of demand deposit

noun the money held in a demand deposit account

Example Sentences

A1 A demand deposit is a type of bank account where funds can be withdrawn on demand.

A2 I opened a demand deposit account to easily access my money whenever I need it.

B1 Many people prefer demand deposits for their flexibility and ease of access.

B2 The bank offers a variety of demand deposit accounts with different interest rates.

C1 Investors often choose demand deposits as a safe place to park their funds temporarily.

C2 The financial institution provides detailed information on the terms and conditions of their demand deposit products.

Examples of demand deposit in a Sentence

formal A demand deposit is a type of account where funds can be withdrawn at any time without prior notice.

informal I keep my emergency savings in a demand deposit account so I can access it quickly if needed.

slang I always make sure to have some cash in my demand deposit for a rainy day.

figurative Her trust in him was like a demand deposit, always there when she needed it the most.

Grammatical Forms of demand deposit

plural

demand deposits

present tense

demand deposit

future tense

will demand deposit

perfect tense

have demanded deposit

continuous tense

is demanding deposit

singular

demand deposit

positive degree

more demand deposit

infinitive

to demand deposit

gerund

demand depositing

participle

demand deposited

Origin and Evolution of demand deposit

First Known Use: 1601 year
Language of Origin: English
Story behind the word: The term 'demand deposit' originated in the banking industry to refer to funds that are deposited in a bank account and are available for withdrawal at any time upon the depositor's request.
Evolution of the word: Over time, the concept of demand deposits has evolved to include various types of accounts such as checking accounts, money market accounts, and savings accounts, each with different features and restrictions on withdrawals.