Demand deposits definition

Demand deposits means a deposit received by the Bank which is withdrawable on demand;
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Demand deposits means all deposits, the payment of which can legally be required when
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Demand deposits means a deposit received by the Bank which is withdrawable on demand by the depositor;
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Examples of Demand deposits in a sentence

  • The market value of the collateral securing DEPOSITOR’s funds must at all times equal or exceed 102% 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").

  • 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.


More Definitions of Demand deposits

Demand deposits means deposits which are repayable on demand and are withdrawable by cheque, draft, order or by other means;
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Demand deposits means deposits, payment of which can legally be required [within thirty days] as provided in federal law and regulation;
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Demand deposits means deposits, payment of which can legally be required [within
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Demand deposits means all those deposit liabilities of a commercial bank which are denominated in Sri Lanka Rupees, subject to payment in legal tender upon demand by cheque, draft or order; but does not include any such liability if it is subject to payment upon conditions.
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Demand deposits means account balances that, without prior notice to the bank, can be drawn on by check, cash, or by transfer to other accounts.
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Demand deposits means a deposit received by the Bank which is withdraw able on demand;
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Demand deposits means a deposit received by the Bank which is withdrawable on demand. The following are two broad categories of demand deposits:
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