Examples of Demand deposits in a sentence
DEPOSITOR shall deposit such of its funds as it may choose, and BANK shall receive such deposits as "Demand Deposits," Interest on Checking Accounts ("IOCs"), "Savings Accounts," Money Management Accounts ("MMAs"), and/or Certificates of Deposit ("CDs"), as designated by DEPOSITOR, and BANK shall hold said Demand Deposits, IOCs, Savings Accounts, MMAs, and/or CDs subject to payment in accordance with the terms of the particular deposit.
All funds on deposit with BANK to the credit of the DEPOSITOR (including Demand Deposits, IOCs, Savings Accounts, MMAs, and CDs) shall be secured pursuant to the BANK's "Security Agreement" or similar agreement (the "Security Agreement") and any agreement required by the CUSTODIAN (defined below), all of which are attached hereto.
The Demand and Term Deposits Investment Allocation Form allows the Client to allocate its investment between the Term Deposits and/or Demand Deposits.
The market value of the collateral securing DEPOSITOR’s funds must at all times equal or exceed 102% (110% when mortgage- backed securities are used for collateral) of the daily ledger balance (amount of funds plus the amount of any accrued interest on the funds) of all DEPOSITOR’s Demand Deposits, IOC’s, Savings Accounts, MMA’s and CDs, less the FDIC standard maximum deposit insurance amount ("SMDIA") (the "Collateral Requirement").
Demand Deposits: Deposits which are withdrawn on demand by customers.