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

  • Issuing bank
    Issuing bank is the bank which establishes a documentary credit at the request of the ...
  • Schedule rating
    Schedule rating is a type of merit-rating method in which each exposure is individually ...
  • Off-Balance Sheet
    Off-Balance Sheet Includes all banking transactions that do not appear on the balance ...
  • Central Bank
    A central bank is an semi-independent autonomous government institution that conducts ...
  • Statutory Audit
    Statutory Audit by law, certain companies need to have their accounts audited by suitably ...