What Does Payable On Demand Mean What does payable on demand mean Payable on demand means that a payment must be made immediately when requested If someone asks for the money the person who owes it
Payable on Demand is a term commonly used in financial and legal contexts It refers to a type of note promissory or order that is payable immediately when the payee requests it or at sight PAYABLE ON DEMAND means that an instrument is payable at sight or on presentment or that no time of payment has been stated in the instrument
What Does Payable On Demand Mean
What Does Payable On Demand Mean
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Describing a debt that must be repaid upon the request of the lender For example if Joe lends Bob 100 payable on demand there is no set payment date but Bob must pay whenever Joe A promissory note payable on demand is a way to get repaid when you loan money to someone It is a document that states the terms of the loan and includes the
The term payable on demand is typically associated with promissory notes This term means that a debt must be paid by the person who owes it to the person to whom it is Payable On Demand phrase Definition A legal term used to indicate that a certain amount or obligation is due to be paid immediately when requested by the recipient or payee This is
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Payable on demand adj a debt on a promissory note or bill of exchange which must be paid when demanded by the payee party to whom the debt is owed a A promise or order is payable on demand if it i states that it is payable on demand or at sight or otherwise indicates that it is payable at the will of the holder or ii does not state any
A promise or order is payable on demand if it i states that it is payable on demand or at sight or otherwise indicates that it is payable at the will of the holder or ii does not state any time Find the legal definition of PAYABLE ON DEMAND from Black s Law Dictionary 2nd Edition An amount that must be paid at any time without an notice
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What does payable on demand mean Payable on demand means that a payment must be made immediately when requested If someone asks for the money the person who owes it
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Payable on Demand is a term commonly used in financial and legal contexts It refers to a type of note promissory or order that is payable immediately when the payee requests it or at sight
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What Does Payable On Demand Mean - The term payable on demand is typically associated with promissory notes This term means that a debt must be paid by the person who owes it to the person to whom it is
