- Deposits.
The total value of funds placed in an account with a microfinance institution that are *payable on demand* to a depositor.
2007-02-10 08:44:07 · 4 answers · asked by Anonymous in Education & Reference ➔ Words & Wordplay
"Payable on Demand" means that the loan or funds must be repaid when the funds are requested. The lender or holder of the funds could ask for a grace period instead. In that case the funds would be "payable within 2 weeks" or an agreed upon term.
A bank would generally honor your check and give you access to your funds when you ask for them - on demand. If you've deposited a check, they will often require a period of time for the deposit to clear before letting you withdraw the money.
2007-02-10 08:55:02 · answer #1 · answered by Taylor1 3 · 0⤊ 0⤋
Payable On Demand
2016-11-17 00:17:30 · answer #2 · answered by ? 4 · 0⤊ 0⤋
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RE:
What does "payable on demand" really mean?
- Deposits.
The total value of funds placed in an account with a microfinance institution that are *payable on demand* to a depositor.
2015-08-06 16:55:08 · answer #3 · answered by Anonymous · 0⤊ 0⤋
DOn't Care
2007-02-10 09:03:46 · answer #4 · answered by soccergirl101 3 · 0⤊ 1⤋
It means that when ever the depositor wants them they must be given to him.
2007-02-10 08:49:27 · answer #5 · answered by mustanger 5 · 3⤊ 0⤋