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Simple English definitions for legal terms

payable on demand

Read a random definition: JD

A quick definition of payable on demand:

Term: Payable on demand

Definition: When someone owes you money and promises to pay it back, they might give you a piece of paper called a promissory note. If the note is payable on demand, it means that the person who owes you money has to pay you back whenever you ask for it. This is because the note doesn't have a specific date when the money is due. Depending on where you live, the note might be due the day after it's written or delivered, or it might be due right away.

A more thorough explanation:

A promissory note that is payable on demand means that the person who owes the money has to pay it back whenever the person who is owed the money asks for it. This type of note doesn't have a specific date when the payment is due, but it is usually expected to be paid back soon after it is written.

For example, if you borrowed money from a friend and wrote a promissory note that said you would pay them back "on demand," your friend could ask for the money back at any time. They wouldn't have to wait until a specific date to get their money back.

The exact due date for a note payable on demand can vary depending on where you live. In some places, like Nebraska, the note might be due the day after it is written. In other places, like Alabama, the note might be due as soon as it is delivered.

payable | payable-on-death designation

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Dkk
19:42
SEO is big money
2016 pushed the conservative party into populism irreversibly
Dkk
19:43
Maybe, but if this is populism, then every election is populist.
19:43
@Dkk: yeah register 1 website and every swinging tom dick and harry calls/emails/texts to 'help with seo'. like bruh, if YOU found it, what i am doing is working
Dkk
19:43
Indeed!
19:48
wasp, i think people are hopeful for a gov who at least attempts to care about the common man
MIAMI A
[] AromaticTroubledDormouse
20:55
How does one know if they are UR1 or UR2?
[] AromaticTroubledDormouse
20:56
CONGRATS MACAQUE!
TY
got a random stanford email and almost had a heart attack
ALSO CONGRATS!
Congrats1!
21:15
Miami A, yall I'm so excited I could cry.
21:15
Feel like I can finally stop holding my breath!! Whew!!!
[] baddestbunny
22:16
every time I get accosted by a strange man who follows me around because my male coworkers were too busy talking to walk me back to my car I get closer to saying we need to bring back traditional gender roles
Dkk
22:32
Nice! @Macaque
Dkk
22:32
@Aromatic, Have to guess.
Dkk
22:33
That sucks @Bunny do you have to go to the hospital?
[] baddestbunny
22:40
I said accosted not assaulted
23:35
guys. my notre dame address just went long is this good or bad
1a2b3c4d26z
23:37
Oooooo me too
23:37
omg is this good or bad
Dkk
23:47
Idk if gender roles are gunna fix that then.
23:49
it looks like most people who applied in october last cycle didn't get a decision until january... does it even mean anything that our addresses went long??
hows ED 2 compared to ED 1?
Dkk
0:10
No idea
windyMagician
0:34
reporting live to say my ndls address also went long
does it mean anything ^
Dkk
2:21
NDLS and Fordham took a very long time last year. It's good info for people to know.
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