The Daily Time Account is an overnight deposit account with interest earned and paid to the member on a daily basis. Interest earned on Daily Time Accounts is credited to the member′s primary DDA. Members may deposit funds at the Bank for a fixed term at a fixed rate subject to the following terms and conditions.
- DDA (Direct Debit Authentication) fast deposit is a service provided by DBS Bank. After connecting your Tiger account with your DBS/POSB account, you can initiate a deposit instruction directly in Tiger, and the bank will complete the deposit for you. DDA Fast Deposit is more convenient than other SGD deposit.
- A DDA deposit means a deposit was made to your DDA. Deposited funds can be withdrawal at any time. DDA stands for Demand Deposit Account. In other words, your Checking Account at your Bank.
- Looking for online definition of DDA or what DDA stands for? DDA is listed in the World's largest and most authoritative dictionary database of abbreviations and acronyms The Free Dictionary.
Demand deposits or non-confidential money are funds held in demand accounts in commercial banks.[1] These account balances are usually considered money and form the greater part of the narrowly defined money supply of a country.[2] Simply put, these are deposits in the bank that can be withdrawn on demand, without any prior notice.
History[edit]
In the United States, demand deposits arose following the 1865 tax of 10% on the issuance of state bank notes; see history of banking in the USA.
In the U.S., demand deposits only refer to funds held in checking accounts (or cheque offering accounts) other than NOW accounts; however, in a 1970s and 1980s response to the 1933 promulgation of Regulation Q in the U.S., demand deposits in some cases came to allow easier access to funds from other types of accounts (e.g. savings accounts and money market accounts). For the historical basis of the distinction between demand deposits and NOW accounts in the U.S., see Negotiable order of withdrawal account#History.
Money supply[edit]
Demand deposits are usually considered part of the narrowly defined money supply, as they can be used, via checks and drafts, as a means of payment for goods and services and to settle debts. The money supply of a country is usually defined to consist of currency plus demand deposits. In most countries, demand deposits account for a majority of the money supply.[2]
During times of financial crisis, bank customers will withdraw their funds in cash, leading to a drop in demand deposits and a shrinking of the money supply. Economists have speculated that this effect contributed to the severity of the Great Depression.[3]
This did not happen, however, in the financial crisis that began in 2008. In fact, demand deposits in the U.S. increased dramatically, from around $310bn in August 2008 to a peak of around $460bn in December 2008.[4]
See also[edit]
References[edit]
- ^'Bank Money: Merriam-Webster Dictionary'. www.merriam-webster.com. Retrieved 19 August 2009.
- ^ abKrugman, Paul R., and Robin Wells. Economics. New York: Worth, 2006. Print.
- ^Friedman, Milton (1 November 1971). Monetary History of the United States, 1867-1960. Princeton University Press. ISBN0-691-00354-8.
- ^'Federal Reserve Bank statistics'. www.federalreserve.gov. Retrieved 18 March 2010.
Also found in: Medical, Financial, Encyclopedia, Wikipedia.
| Acronym | Definition |
|---|---|
| DDA | Disability Discrimination Act (1995, UK) |
| DDA | Downtown Development Authority |
| DDA | Direzione Distrettuale Antimafia (Italian; Anti-Mafia District Directorate) |
| DDA | Dream Dance Alliance |
| DDA | Delhi Development Authority |
| DDA | Doha Development Agenda |
| DDA | Débito Direto Autorizado (Portuguese: Authorized Direct Debit; Brazil) |
| DDA | Deputy District Attorney |
| DDA | Dynamic Digital Advertising |
| DDA | Droits des Animaux (French: Animal Rights) |
| DDA | District Development Authority |
| DDA | Data Delivery Acknowledgement |
| DDA | Demand Deposit Account |
| DDA | Dual Display Architecture |
| DDA | Due Data Availability |
| DDA | Digital Directional Antenna |
| DDA | Digital Data Acquisition |
| DDA | Direct Directional Antenna |
| DDA | Digital Detector Array (radiography) |
| DDA | Department for Disarmament Affairs |
| DDA | Déclaration des Droits d'Auteur (French: Declaration of Copyright; Canada) |
| DDA | Domain Defined Attribute |
| DDA | Discover Dominica Authority (tourism) |
| DDA | Delaware Department of Agriculture |
| DDA | Direct Debit Authorization (banking) |
| DDA | Demand Driven Approach (agriculture) |
| DDA | Direction Départementale de l'Agriculture (French: Departmental Directorate of Agriculture) |
| DDA | Detroit Diesel-Allison |
| DDA | Don't do Anything (Map Style for N, Computer Game) |
| DDA | Dutch Direct Auction |
| DDA | Digital Differential Analyzer |
| DDA | Département des Droits Audiovisuels (French: Department of Audiovisual Rights) |
| DDA | Discrete Dipole Approximation |
| DDA | Department of Dramatic Art (University of North Carolina at Chapel Hill) |
| DDA | Data Driven Architecture (computing) |
| DDA | Dog Day Afternoon |
| DDA | Defence Diversification Agency (UK) |
| DDA | Donald Duck Adventures (comics) |
| DDA | Dennis Davidson Associates (est. 1970) |
| DDA | Data Distribution Agreement (contract) |
| DDA | Distributed Data Access |
| DDA | Deutsche Dermatologische Akademie (German: German Academy of Dermatology) |
| DDA | Defensor del Asegurado (Spanish: Insurance Ombudsman; Chile) |
| DDA | Dominique Danjou Automobiles (French automotive repair company) |
| DDA | District Data Analyzer (software) |
| DDA | Direct Deposit Advance (Wells Fargo) |
| DDA | Digital Development Agency |
| DDA | Deputy Director for Administration (CIA) |
| DDA | Death with Dignity Act |
| DDA | Dangerous Drug Act |
| DDA | Demons Dance Alone (Residents album) |
| DDA | Dynamic Drainage Analyser |
| DDA | Data Directed Analysis (mass spectrometry) |
| DDA | Deadlock Detection Algorithm |
| DDA | Designated Disposition Authority (US DoD) |
| DDA | Dramatic Duet Acting |
| DDA | Dividend Disbursing Agent (finance) |
| DDA | Durst Dice America |
| DDA | Direct Digital Access |
| DDA | Detailed Damage Assessment (American Red Cross) |
| DDA | Digital/Digital/Analog (audio CD format, recording/mixing/mastering) |
| DDA | Dumbing-Down of America |
| DDA | Deposit Demand Account |
| DDA | Defined Display Area (ITU-T) |
| DDA | Director Defence Analysis |
| DDA | Direct Deposit Advice |
| DDA | Disabled Drummers Association |
| DDA | Dodecane Dioic Acid |
| DDA | Direct Duty Assignment (US Air Force) |
| DDA | Designated Development Activity (US DoD) |
| DDA | Digital Dynamic Astigmatism (LSD) |
| DDA | document description architecture |
| DDA | Disk Drive Assembly |
| DDA | Derived Decision Altitude (aviation) |
| DDA | Developmental Disabilities Act of 1984 |
| DDA | Digital Drive Amplifier (MSR) |
| DDA | Design Development Activity |
| DDA | Denver Developmental Activities (Denver Developmental Materials, Inc.) |
| DDA | Data Driven Application |
| DDA | Deployment Drive Assembly |
| DDA | Division Design Analysis |
| DDA | Desktop Data Access |
| DDA | Drowsy Driver Alert (Volvo) |
| DDA | Dental Dealers Association |
| DDA | Defence Dental Association (UK) |
| DDA | Directorate of Documentation & Attestation (Oman) |
| DDA | Developmental Disabilities Aide |
| DDA | Doubly Dynamic Addressing (Tolly/Kebab) |
| DDA | Defense Data Access: Mid Tier Application |
| DDA | Daredevils of Aspen (band) |
| DDA | Dynamic Design Ahmad |
Dda Deposit Account
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