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   What does 'payable on demand' mean?

   • As the words imply, the term means a debt must be paid when the payee asks for it. The term "payable on demand" does not necessarily have to be written on the document. Any note without a specified time of payment is considered payable on demand.

   What Does Payable on Demand Mean? | Small Business - Chron.com

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   Is a promise payable on demand?

   • § 3-108. PAYABLE ON DEMAND OR AT DEFINITE TIME. § 3-108. PAYABLE ON DEMAND OR AT DEFINITE TIME. (a) A promise or order is " payable on demand " if it (i) states that it is payable on demand or at sight, or otherwise indicates that it is payable at the will of the holder, or (ii) does not state any time of payment.

   § 3-108. PAYABLE ON DEMAND OR AT DEFINITE TIME

   www.law.cornell.edu/ucc/3/3-108

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   What does “payable on demand” mean on a promissory note?

   • While you may see the phrase “payable on demand” on a variety of documents, it is generally seen primarily on promissory notes. It means that the payee has to be paid when asked. It does not have to be actually written on the document. A note without the time of payment specified on it is payable on demand.

   Promissory Note Payable on Demand - UpCounsel

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   Do you have to write 'payable on demand' on a document?

   • The term "payable on demand" does not necessarily have to be written on the document. Any note without a specified time of payment is considered payable on demand. According to the Uniform Commercial Code, which has been enacted in nearly all states, a promise or an order is considered payable on demand under two circumstances.

   What Does Payable on Demand Mean? | Small Business - Chron.com

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2. wise.com › us › blogInvoice payment terms: How to use them, and what do they mean?

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   Oct 26, 2021 · Payment is taken at the time the goods are delivered to the customer. Advance payment is not needed, and the buyer will take payment upon delivery. Also known as COD/Cash on Demand. Cash With Order ‘Cash With Order’ involves the immediate payment of all or part of the total amount at the time the order is placed. Immediate payment/Due upon ...

3. www.paychex.com › what-is-on-demand-payWhat Is On-Demand Pay & How Does It Work? | Paychex

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   Apr 28, 2022 · What Does On-Demand Pay Mean? On-demand pay, also known as earned wage access (EWA), is a payroll service that allows employees to access some or all of their wages as they are earned.

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4. smallbusiness.chron.com › payable-demand-meanWhat Does Payable on Demand Mean? - Small Business

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   |. Managing Employees. |. Other Managing Employees. By David Weedmark. Although it may appear on different types of documents, the term "payable on demand" almost always is associated with...

   • Author: David Weedmark

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6. www.law.cornell.edu › wex › payable_on_demandpayable on demand | Wex | US Law | LII / Legal Information ...

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   Wex. payable on demand. A promissory note that is payable on demand is payable at the will of the holder. A promissory note without a specified time of payment, according to N. Bank v. Pefferoni Pizza Co., may also be considered payable on demand.

7. www.law.cornell.edu › ucc › 3§ 3-108. PAYABLE ON DEMAND OR AT DEFINITE TIME.

   www.law.cornell.edu › ucc › 3

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   PAYABLE ON DEMAND OR AT DEFINITE TIME. (a) A promise or order is " payable on demand " if it (i) states that it is payable on demand or at sight, or otherwise indicates that it is payable at the will of the holder, or (ii) does not state any time of payment.

8. www.upcounsel.com › promissory-note-payable-on-demandPromissory Note Payable on Demand - UpCounsel

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   Feb 1, 2023 · A promissory note payable on demand is a way to get repaid when you loan money to someone.3 min read updated on February 01, 2023. It is a document that states the terms of the loan and includes the “payable on demand” notation on it. This means that you can demand full payment of the loan at any time you deem necessary.

9. dictionary.justia.com › payable-on-demandpayable on demand Definition, Meaning & Usage | Justia Legal ...

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   Definition of "payable on demand" A debt, noted on a promissory note or bill of exchange, which requires payment when requested by the owed party. How to use "payable on demand" in a sentence. The loan was payable on demand, putting pressure on the borrower. After signing the promissory note, he realized the sum was payable on demand.