on demand

on demand: adj.
When requested or on presentation, usually used to describe a negotiable instrument that is payable when presented instead of on a specified date.

on demand: In a promissory note, a requirement that the amount due must be paid when the person or company to whom the funds are owed demands payment (rather than upon a certain date or in installments). Such a note is called a demand note.

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Category: Personal Finance & Retirement

on demand: A loan such as an overdraft which must be repaid on the demand of the lender.

on demand: n. When presented or asked for. Bills or notes that are payable when requested are known as demand notes. When the bank receives a demand note, it pays it, regardless of who the bearer may be.

on demand: Payable immediately on request.

on demand: Payable immediately on request.

on demand: adj.

in a promissory note, a requirement that the amount due must be paid when the person to whom the funds are owed demands payment (rather than upon a certain date or on installments). Such a note is called a "demand note."

See also: demand note

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on demand

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