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Definition of Demand Deposit
A bank deposit that can be withdrawn on demand, such as a deposit in a checking account.
Checking accounts that pay no interest and can be withdrawn upon demand.
M1-A: Currency plus demand deposits
demand deposits that pay interest.
Total quantity of goods and services demanded.
Combinations of the price level and income for which the goods and services market is in equilibrium, or for which both the goods and services market and the money market are in equilibrium.
Certificates issued by a U.S. depositary bank, representing foreign
Better known as CDIC, this is an organization which insures qualifying deposits and GICs at savings institutions, mainly banks and trust companys, which belong to the CDIC for amounts up to $60,000 and for terms of up to five years. Many types of deposits are not insured, such as mortgage-backed deposits, annuities of duration of more than five years, and mutual funds.
Also called a time deposit, this is a certificate issued by a bank or thrift that
A bank deposit that cannot be withdrawn for a specified period of time. See also term deposit.
An amount desired, in the sense that people are willing and able to pay to obtain this amount. Always associated with a given price.
A bank line of credit that enables a customer to borrow on a daily or on-demand basis.
A loan which must be repaid in full on demand.
Fiscal or monetary policy designed to influence aggregate demand for goods and services.
Short-term securities that are repayable immediately upon the holder's demand.
Inflation whose initial cause is excess demand rather than cost increases. See also cost-push inflation.
An event that affects the demand for goods in services in the economy.
The process whereby the banking system transforms a dollar of reserves into several dollars of money supply.
Central bank switching of government deposits between the central bank and commercial banks.
Depository transfer check (DTC)
Check made out directly by a local bank to a particular firm or person.
Depository Trust Company (DTC)
DTC is a user-owned securities depository which accepts deposits of
The direct transfer of payroll funds from the company bank account
A system where funds are electronically credited to your account by a financial institution or a payroll service. For example, you can arrange with your employer to have your pay cheques automatically deposited into your no fee bank account.
Electronic depository transfers
The transfer of funds between bank accounts through the Automated
A short-term fixed rate time deposit denominated in a currency other than the local
A situation in which demand exceeds supply.
Federal Deposit Insurance Corporation (FDIC)
A federal institution that insures bank deposits.
demands for securities to hedge particular sources of consumption risk, beyond the usual
International Depository Receipt (IDR)
A receipt issued by a bank as evidence of ownership of one or more
A book-entry depository for GNMA securities. The depository was initially operated by
Money market demand account
An account that pays interest based on short-term interest rates.
Multiple Deposit Creation
The process whereby the money multiplier operates.
Negotiated certificate of deposit
A large-denomination CD, generally $1MM or more, that can be sold but
See term deposit.
pre-authorized direct deposit
A system where funds are electronically credited to your account by a financial institution or a payroll service.
Precautionary demand (for money)
The need to meet unexpected or extraordinary contingencies with a
Accounts that pay interest, typically at below-market interest rates, that do not have a
Security deposit (initial)
Synonymous with the term margin. A cash amount of funds that must be deposited
Security deposit (maintenance)
Related: Maintenance margin security market line (SML). A description of
Speculative demand (for money)
The need for cash to take advantage of investment opportunities that may arise.
An interest-earning bank deposit that cannot be withdrawn without penalty until a specific time.
Interest-bearing deposit at a savings institution that has a specific maturity.
See term deposit.
Transaction demand (for money)
The need to accommodate a firm's expected cash transactions.
Variable rated demand bond (VRDB)
Floating rate bond that can be sold back periodically to the issuer.
The demand for a part by an outlying warehouse.
Insured Retirement Plan
This is a recently coined phrase describing the concept of using Universal Life Insurance to tax shelter earnings which can be used to generate tax-free income in retirement. The concept has been described by some as "the most effective tax-neutralization strategy that exists in Canada today."
A demand for additional funds because of adverse price movement. Maintenance margin
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