Payment Glossary

Demand Deposit Account

Traditional savings and checking accounts are generally demand deposit accounts.

Related Terms

  • DSO (Day Sales Outstanding)

    The total accounts receivables divided by average daily sales.

    Learn More
  • ENR (Automated Enrollment Entry)

    ENR entries are initiated by an receiving depository financial institution (RDFI), at the request of a receiver, to enroll the receiver in direct deposit or direct payment...

    Learn More