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The note was payable on demand and bore no interest.
However, "three years later the Company issued true bank notes, payable on demand, and non-interest bearing."
This development required the acceptance in trade of the goldsmiths' promissory notes, payable on demand.
"Our invoices were payable on demand," he said.
They were not payable on demand.
Then he points to the top line of my loan where it says 'Payable on Demand.'
A draft is a bill of exchange which is not payable on demand of the payee.
I've a letter of credit on the Mishima rice merchants, payable on demand.
Most export-related bonds are payable on demand, so pose a risk for UK exporters.
Barker Financial also sells demand notes which pay a 2% return, with interest and principal payable on demand.
Their asking price is a hundred quid a night, payable on demand in US currency only; around two hundred dollars.
Such a debt or liability is deemed valuable consideration whether the bill is payable on demand or at a future time.
A cheque differs from a warrant in that the warrant is not necessarily payable on demand and may not be negotiable.
The cash credit account is similar to current accounts as it is a running account (i.e., payable on demand) with cheque book facility.
The Court said a note could still be a security even if it had no fixed term and was payable on demand, as was the case with the cooperative notes.
Proposals for full reserve banking systems generally do not place such restrictions on deposits that are not payable on demand, for example time deposits or savings accounts.
I got here a personal note for ten thousand dollars, signed by Arnulfo Olivares, payable on demand to Thomas Westcott, twenty percent per annum interest."
One hundred Hong Kong dollars was 31.1 grams of gold (old troy ounce) payable on demand at home office-and they did keep gold there, fetched up from Australia.
Congress will begin returning from its recess on Monday to find the central campaign promise of Republicans - to erase the Federal deficit by 2002 - due and payable on demand.
A common type of bill of exchange is the cheque (check in American English), defined as a bill of exchange drawn on a banker and payable on demand.
Since the promissory notes were payable on demand, and the advances (loans) to the goldsmith's customers were repayable over a longer time period, this was an early form of fractional reserve banking.
The 5-to-4 decision reversed a Federal appeals court in St. Louis, which held that some $10 million worth of notes sold by an agricultural cooperative, unsecured and payable on demand, were not securities.
The full duty (and VAT) applicable to oil on the date duty became due or was deemed to have become due will be payable on demand if this condition is not met.
(2) Throughout your occupation you will pay rent calculated at the rate of £ per annum payable on demand in advance (but periodic demands shall not convert this tenancy into a periodic tenancy).
The Act of July 17, 1861 authorized Secretary of the Treasury Salmon P. Chase to raise money via the issuance of $50,000,000 in Treasury Notes payable on demand.