The-definition.com

Definition

Check or demand deposit

Check or demand deposit is a bank depositor’s written order instructing the bank to pay a certain sum to a third party.

Share it:  Cite

More from this Section

  • Licensing
    Licensing is the granting of permission by one company to another company to use a specific ...
  • After acquired clause
    After acquired clause is a contractual clause in a mortgage agreement stating that any ...
  • Annual percentage rate (APR)
    Annual percentage rate (APR) is the interest rate on a loan required to be quoted to a ...
  • Section 1245 Property
    In a broad sense, Section 1245 Property comprises accumulated depreciation property utilized ...
  • Bankruptcy
    Bankruptcy occurs when a company is unable to pay its debts as they become due, or has ...