MLchartDataset catalogue

Payable on demand

Term · Law · MLC-T-LAW-003668

Describing a debt or financial instrument that is due immediately upon presentation or request by the holder. No specific future date is set for payment; the obligation arises when the demand is made. Promissory notes and checking accounts are common examples of instruments payable on demand.

Table 1. Record
IdentifierMLC-T-LAW-003668
FieldLaw
Record as JSON 
{
  "id": "MLC-T-LAW-003668",
  "term": "Payable on demand",
  "field": "Law",
  "definition": "Describing a debt or financial instrument that is due immediately upon presentation or request by the holder. No specific future date is set for payment; the obligation arises when the demand is made. Promissory notes and checking accounts are common examples of instruments payable on demand.",
  "url": "https://mlchart.com/terminology/law/payable-on-demand/"
}

Record 3,673 of 5,441 in Law terminology (MLC-0107). Request the full dataset.