On Demand
Barron's Business Dictionary:
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On Demand
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.
| On Account, Omnibus Budget Reconciliation Act of 1993, Omitted Dividend | |
| On Order, On-Sale Date, On-The-Job Training (OJT) |
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On Demand
American Heritage Dictionary of Idioms:
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on demand
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]
West's Encyclopedia of American Law:
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On Demand
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.
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Copyrights:
Barron's Business Dictionary
Dictionary of Business Terms. Copyright © 2007 by Barron's Educational Series, Inc. All rights reserved.
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American Heritage Dictionary of 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.
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