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A bank deposit that can be withdrawn without advance notice.
American Heritage® Dictionary of the English Language, Fifth Edition. Copyright © 2016 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

demand deposit

n
(Banking & Finance) a bank deposit from which withdrawals may be made without notice. Compare time deposit
Collins English Dictionary – Complete and Unabridged, 12th Edition 2014 © HarperCollins Publishers 1991, 1994, 1998, 2000, 2003, 2006, 2007, 2009, 2011, 2014

demand′ depos`it


n.
a bank deposit subject to withdrawal at the demand of the depositor without prior notice.
[1925–30]
Random House Kernerman Webster's College Dictionary, © 2010 K Dictionaries Ltd. Copyright 2005, 1997, 1991 by Random House, Inc. All rights reserved.
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
Based on WordNet 3.0, Farlex clipart collection. © 2003-2012 Princeton University, Farlex Inc.
References in periodicals archive ?
Raiffeisenbank Gmund on the idyllic Tegernsee lake, home of wealthy actors and sports stars, will apply a custody charge of 0.4 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 -0.75 percent.
Meanwhile, large seasonal sight deposit withdrawals saw the monetary supply contract.
Over the same period, Norway had projected 5.5 percent for its sight deposit rate but instead set a rate of 2.5 percent, and Sweden had projected 4.3 percent for its repo rate but set a rate of 1.5 percent.
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 2.25%.
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.
Norges Bank cuts its sight deposit rate by 0.5 percentage point to 6.5 per cent and the first change in its key rates since September 2000.
In addition, the bank is also lowering the interest rate on sight deposit account balances that exceed a given exemption threshold by 0.5 percentage points, to -0.75 per cent.
The Norwegian central bank Norges Bank said on Wednesday (28 January) that its executive board had decided to reduce the interest rate on banks' deposits with Norges Bank, the sight deposit rate, by 0.25 percentage points to 2% on Thursday 29 January 2004.
Norway's key rate, the sight deposit rate, has been among the highest in the OECD countries.