Demand Deposit Account
Key Facts
Abbreviation
DDA
Pronunciation
/dɪˈmænd dɪˈpɑzət əˈkaʊnt/
Category
Business
Related Field
Accounting
Examples in Context
- Demand deposit an account where deposited funds can be withdrawn at any time.
- A demand deposit is a checking account that enables the depositor to withdraw funds from the account immediately and without advance notice.