demand deposit

(redirected from sight deposit)
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Related to sight deposit: time deposit, demand deposit

demand deposit

n.
A bank deposit that can be withdrawn without advance notice.

demand deposit

n
(Banking & Finance) a bank deposit from which withdrawals may be made without notice. Compare time deposit

demand′ depos`it


n.
a bank deposit subject to withdrawal at the demand of the depositor without prior notice.
[1925–30]
ThesaurusAntonymsRelated WordsSynonymsLegend:
Noun1.demand deposit - a bank deposit from which withdrawals can be made without notice
bank deposit, deposit - money deposited in a bank or some similar institution
References in periodicals archive ?
4 per cent to sight deposit accounts over e1/4100,000 from September, a board member told Reuters.
In an (unsuccessful) attempt to mitigate the likely surge in the franc arising from this move, the central bank lowered the rate on sight deposit accounts to -0.
Meanwhile, large seasonal sight deposit withdrawals saw the monetary supply contract.
5 percent for its sight deposit rate but instead set a rate of 2.
Under the new system, a defined volume of banks' deposits in Norges Bank, a quota, will bear interest at a rate equivalent to the key rate-the sight deposit rate.
All banks established in Norway can have a sight deposit account with Norges Bank.
With effect from 3 November the sight deposit rate would increase to 2.
The external economic environment has also been weakening since the autumn of 2002, prompting the Bank of Norway to cut its official sight deposit rate in three equal steps from 7 to 5 1/2 per cent between December 2002 and March 2003.
In addition, the bank is also lowering the interest rate on sight deposit account balances that exceed a given exemption threshold by 0.
NORDIC BUSINESS REPORT-28 January 2004-Norges Bank reduces sight deposit rate to 2%(C)1994-2004 M2 COMMUNICATIONS LTD http://www.
Norway's key rate, the sight deposit rate, has been among the highest in the OECD countries.
Norwegian central bank Norges Bank announced on Wednesday (17 December) that it was reducing the sight deposit rate by 0.