MLchartDataset catalogue

On demand

Term · Law · MLC-T-LAW-003544

A condition in a financial instrument, such as a promissory note or bill of exchange, that makes the debt payable immediately upon a request for payment by the holder. No specific maturity date is set, and the creditor can request repayment at any time without prior notice. This type of instrument is also known as a demand note or sight draft.

Table 1. Record
IdentifierMLC-T-LAW-003544
FieldLaw
Record as JSON 
{
  "id": "MLC-T-LAW-003544",
  "term": "On demand",
  "field": "Law",
  "definition": "A condition in a financial instrument, such as a promissory note or bill of exchange, that makes the debt payable immediately upon a request for payment by the holder. No specific maturity date is set, and the creditor can request repayment at any time without prior notice. This type of instrument is also known as a demand note or sight draft.",
  "url": "https://mlchart.com/terminology/law/on-demand/"
}

Record 3,538 of 5,441 in Law terminology (MLC-0107). Request the full dataset.