Demand Liabilities
Legal definition for Indian law research
Definition
Demand liabilities, means liabilities which must be met on demand, and 'time liabilities' means liabilities which are not demand liabilities. [Bank-ing Regulation Act, 1949 (10 of 1949), s. 5 (f)]
Definitions are for legal research. Always verify meaning in the context of the statute, judgment, or jurisdiction cited.