demand instrument

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.]

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词条贡献者

法律翻译文楷，毕业于新加坡知名法学院，专注翻译各类与合并许可有关的法律文件。