on demand

Definition of "on demand"
  1. A requirement in a promissory note for the owed amount to be paid when the creditor asks for it
How to use "on demand" in a sentence
  1. He agreed to loan me the money, but it was on demand so he could ask for it back at any time.
  2. She signed a promissory note that was on demand, therefore, she could be asked to pay back at any moment.
  3. A bank can issue an on demand loan with the agreement that the borrower will return the money whenever the bank requests it.

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