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. . 2008.


on demand
In a promissory note, a requirement that the amount due must be paid when the person or company to whom the funds are owed demands payment (rather than upon a certain date or in installments). Such a note is called a demand note.
Category: Business, LLCs & Corporations
Category: Personal Finance & Retirement

Nolo’s Plain-English Law Dictionary. . 2009.

on demand
A loan such as an overdraft which must be repaid on the demand of the lender.

Practical Law Dictionary. Glossary of UK, US and international legal terms. . 2010.


on demand
n. When presented or asked for. Bills or notes that are payable when requested are known as demand notes. When the bank receives a demand note, it pays it, regardless of who the bearer may be.

Webster's New World Law Dictionary. . 2000.


on demand
Payable immediately on request.

Dictionary from West's Encyclopedia of American Law. 2005.


on demand
Payable immediately on request.

Short Dictionary of (mostly American) Legal Terms and Abbreviations.

on demand
adj.
   in a promissory note, a requirement that the amount due must be paid when the person to whom the funds are owed demands payment (rather than upon a certain date or on installments). Such a note is called a "demand note."
   See also: demand note

Law dictionary. . 2013.

Look at other dictionaries:

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