demand deposit account
demand deposit account
A checking account. One may demand payment of the money on deposit without penalty. Contrast with a certificate of deposit, in which one must pay a penalty if the money is withdrawn early.
| 单词 | demand deposit account |
| 释义 | demand deposit accountdemand deposit accountA checking account. One may demand payment of the money on deposit without penalty. Contrast with a certificate of deposit, in which one must pay a penalty if the money is withdrawn early. See DDA |
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