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on demand
on demand definition - legal
n
When presented or asked for. Bills or notes that are payable when requested are
known as demand notes. When the bank receives a demand note, it pays it,
regardless of who the bearer may be.
Webster's New World Law Dictionary Copyright © 2006 by Wiley Publishing, Inc., Hoboken, New Jersey.
Used by arrangement with John Wiley & Sons, Inc.
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