A promissory note payable “on demand” is a present debt, and is payable without any demand. Young v. Weston. 39 Me. 492; Appeal of Andress, 99 Pa. 421.
Link to This DefinitionDid you find this definition of ON DEMAND helpful? You can share it by copying the code below and adding it to your blog or web page.
Written and fact checked by The Law Dictionary