Demand

bill. A bill of exchange (draft) payable on demand (on presentation). - Demand note. A promi ory note payable on demand (on presentation). Demand paper. Paper (promi ory notes and bills of ex- | change or drafts) payable on demand—that is, payable on pre-: sent at i on. Demonetize. To divest of the character of standard money,: as the demonetization of silver. | Demurrage. When railroad cars or ve els are detained: beyond the stipulated time allowed for loading or discharging ' freight a charge for this lo of time is made which is called. demurrage. The charge of 1 1-2 pence per ounce that is exacted by the Bank of England for exchanging gold coin or notes for gold bullion is called demurrage.