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. 2015.

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 — 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). Category: Business, LLCs & Corporations → Business Accounting, Bookkeeping & Finances Category: Business Cash Flow …   Law dictionary

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

  • demand note — see note Merriam Webster’s Dictionary of Law. Merriam Webster. 1996. demand note A note or instrument that is pay …   Law dictionary

  • payable — pay·able adj: that may, can, or must be paid Merriam Webster’s Dictionary of Law. Merriam Webster. 1996. payable I …   Law dictionary

  • 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 demand …   The Collaborative International Dictionary of English

  • demand bill — n. a bill payable on demand …   English World dictionary

  • demand note — n. a promissory note payable on demand …   English World dictionary

  • Demand Note — This article is about the Demand Notes issued by the U.S. government. For demand note referring to any promissory note that is payable on demand, see promissory note. Top row: The distinctive green ink used on the backs of Demand Notes gave rise… …   Wikipedia

  • demand — I v. To claim as one s due; to require; to ask relief. To summon; to call in court II n. The assertion of a legal right; a legal obligation asserted in the courts. An imperative request preferred by one person to another, under a claim of right,… …   Black's law dictionary

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