DEMAND INSTRUMENT

By SovConn | June 30, 2014

demand  instrument.An  instrument  payable  on  demand,  at  sight,  or  on  presentation,  as

opposed to an instrument that is payable at a set future date. — Also termed demand note. [Cases:

Bills and Notes    129(3). C.J.S. Bills and Notes; Letters of Credit§ 90.] [Blacks Law 8th]

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