Customer assets that are held in a checking account. Funds can be readily withdrawn by check, "on demand."

"Demand Deposit" In Context

"Noninterest-bearing demand deposit account balances totaled $55.0 million, down $1.7 million or 3.0% compared to $56.7 million at December 31, 2011. Interest-bearing deposit balances dropped slightly to $291.7 million, down $2.0 million or 0.7% ..."