Banking
A deposit account from which funds may be withdrawn at any time without advance notice, primarily used for checking accounts under banking regulations.
Quick answer: A deposit account from which funds may be withdrawn at any time without advance notice, primarily used for checking accounts under banking regulations.
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A deposit account from which funds may be withdrawn at any time without advance notice, primarily used for checking accounts under banking regulations.
Demand Deposit Account matters because it supports clear communication in Banking contexts for Financial Analysts, Bankers, and Traders. It also connects to aviation training and exam language such as CFA, ACCA, and FRM.
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Questions and answers
In this glossary, Demand Deposit Account refers to: A deposit account from which funds may be withdrawn at any time without advance notice, primarily used for checking accounts under banking regulations.
In finance communication, this term appears in contexts such as: "Funds in a demand deposit account are available for withdrawal on demand, and are used to settle checks and electronic payments."
Demand Deposit Account matters because it supports clear communication in Banking contexts for Financial Analysts, Bankers, and Traders. It also connects to aviation training and exam language such as CFA, ACCA, and FRM.
Demand Deposit Account is mainly used by Financial Analysts, Bankers, and Traders.
In this glossary, Demand Deposit Account is grouped under Banking. Related pages in this category explain adjacent procedures, commands and operational concepts.
This definition is sourced from CFA Institute, IFRS Foundation, FASB (GAAP), Basel III Framework and published by Protermify Finance as a static finance reference page.
A deposit account from which funds may be withdrawn at any time without advance notice, primarily used for checking accounts under banking regulations.
Funds in a demand deposit account are available for withdrawal on demand, and are used to settle checks and electronic payments.
English reference definition
CFA Institute, IFRS Foundation, FASB (GAAP), Basel III Framework
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