checkable deposits

Popular Terms
Funds held at a bank or any other financial institution as a means for people to quickly access their accounts by writing checks or drafts. These accounts are highly liquid in nature and thus, transferable from one person to another. Checking, savings and money market accounts are examples of a checkable deposit account.

Use 'checkable deposits' in a Sentence

I had some checkable deposits and they were easy for me to access, which made me calmer about our finances.
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My company made me a junior partner today, they recommend having a checkable deposits account at my financial institution, with the ability of quick transfers.
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Since Mr. Sparks needed to keep a lot of liquidity in his business, he made sure that his checkable deposits balance was always above $30,000 so he could cover unexpected expenses without incident.
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