A " draft " in the US Uniform Commercial Code is any bill of exchange, whether payable on demand or at a later date.
12.
The Section 31 says that in India only the RBI or the central government can issue and accept promissory notes that are payable on demand.
13.
The new proposal also would prohibit lenders from including " payable on demand " or " call provisions " in high-cost loans unless a borrower is defaulting.
14.
Congress will begin returning from its recess Monday to find the central campaign promise of Republicans-- to erase the federal deficit by 2002-- due and payable on demand.
15.
An example of demand liability is a deposit maintained in saving account or current account that is payable on demand through a withdrawal form such as a cheque.
16.
In 1998, the Supreme Court ruled that a post-dated cheque is a bill of exchange and does not become payable on demand until the date written on the cheque:
17.
A " post-dated cheque " is only a bill of exchange when it is written or drawn, it becomes a " cheque " when it is payable on demand.
18.
As a bill of exchange a post-dated cheque remains negotiable but it will not become a " cheque " till the date when it becomes " payable on demand ".
19.
Time Liabilities refer to the liabilities which the commercial banks are liable to pay to the customers after a certain period mutually agreed upon, and demand liabilities are such deposits of the customers which are payable on demand.
20.
Ministers, alarmed that his example might be followed widely, quickly introduced a measure making notes of the Banks of England and Ireland payable on demand legal tender in payment of rent out of court, and prohibiting the acceptance or payment of more than 21 shillings for a guinea.
