| 释义 |
payable on demand
payable on demandadj. 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). Payable on Demand
Payable on DemandDescribing 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 asks. Some loans become payable on demand if the borrower violates the terms of the lending agreement. See also: Call the loan. |