payable on demand
A debt on a promissory note or bill of exchange which must be paid when demanded by the payee (the party to whom the debt is owed).
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Nolo’s Plain-English Law Dictionary. . 2009.

payable on demand
adj.
   a debt on a promissory note or bill of exchange which must be paid when demanded by the payee (party to whom the debt is owed).

Law dictionary. . 2013.

Look at other dictionaries:

  • payable on demand — ► FINANCE used to describe a loan that may have to be paid back at any time, with little or no warning: »Many business loans are payable on demand. Main Entry: ↑payable …   Financial and business terms

  • payable on demand — See demand paper …   Ballentine's law dictionary

  • payable on demand —    A debt on a promissory note or bill of exchange that must be paid when demanded by the individual to whom the debt is owed (i.e., the payee) …   Business law dictionary

  • on demand — on deˈmand adverb FINANCE if money is lent on demand, it must be repaid immediately if the lender asks for it ; = AT CALL; , on call Ame * * * on demand ► as soon as a request is made: »The bank stated that there was little p …   Financial and business terms

  • On demand — Demand De*mand , n. [F. demande, fr. demander. See {Demand}, v. t.] 1. The act of demanding; an asking with authority; a peremptory urging of a claim; a claiming or challenging as due; requisition; as, the demand of a creditor; a note payable on… …   The Collaborative International Dictionary of English

  • on demand bond — bonds that impose a primary contractual obligation on the issuer to pay a specified sum of money on the happening of a specified event or events. The bond is normally expressed to be payable on demand or on your first demand and the buyer is… …   Law dictionary

  • on demand — On an actual call or demand for payment. Crofoot v Thatcher, 19 Utah 212, 57 P 171. See demand paper; payable on demand. on demand after date. An expression in a promissory note indicating a demand instrument. 11 Am J2d B & N § 286. See demand… …   Ballentine's law dictionary

  • on demand — Note payable on request. If no due date is stated in note, such is payable on demand. Instruments payable on demand include those payable at sight or on presentation and those in which no time for payment is stated. U.C.C. No. 3 108 …   Black's law dictionary

  • on demand — I. adverb : upon presentation and request for payment II. phrasal : when requested or needed video on demand * * * on demand Whenever required • • • Main Entry: ↑demand * * * on demand …   Useful english dictionary

  • on demand — adj. When requested or on presentation, usually used to describe a negotiable instrument that is payable when presented instead of on a specified date. The Essential Law Dictionary. Sphinx Publishing, An imprint of Sourcebooks, Inc. Amy Hackney… …   Law dictionary

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