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On Demand

 
Business Dictionary: On Demand
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When asked for. For example, a note payable on demand is payable when the sum is requested. It is called a Demand Note if no due date is included.

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Idioms: on demand
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When needed or asked for, as in She's always ready to sing on demand, or Nowadays infants are generally fed on demand. This usage is a broadening of this phrase's meaning in finance, that is, "payable on being requested or presented," as in This note is payable on demand. [Late 1600s]

Law Encyclopedia: On Demand
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This entry contains information applicable to United States law only.

Payable immediately on request.

A note that is payable on demand is one that is to be paid the moment payment is requested by the individual who has legal possession thereof.

See: commercial paper.

 
 

 

Copyrights:

Business Dictionary. Dictionary of Business Terms. Copyright © 2000 by Barron's Educational Series, Inc. All rights reserved.  Read more
Idioms. The American Heritage® Dictionary of Idioms by Christine Ammer. Copyright © 1997 by The Christine Ammer 1992 Trust. Published by Houghton Mifflin Company. All rights reserved.  Read more
Law Encyclopedia. West's Encyclopedia of American Law. Copyright © 1998 by The Gale Group, Inc. All rights reserved.  Read more