|
|
|
 |
Loan and Mortgage Terms Glossary |
 |
|
 |
Demand Deposit Account:
An account from which a depositor may withdraw funds immediately without prior notice, commonly known as a checking account. Since funds may be withdrawn on demand in person or by presentation of a check, the account has many of the liquid characteristics of circulating currency.
|
|
|
|
|
|
|
| |
