The phrase "bill payable on demand" is a correct and usable phrase in written English.
You might use it when you are writing about a situation in which someone is liable for a bill and must pay it immediately upon request. For example: "The furniture store issued a bill payable on demand for the couch they delivered earlier that day."
But they said the rent was only payable "on demand" and they weren't demanding it.
Even though Perkins and Company took 25% of the proceeds the arrangement was still about 50% more profitable than using British ships and selling furs in Canton through the EIC for bills payable on London and returning from China with no cargo.
There were bonds that matured in 20 years, interest-bearing Treasury notes payable in three years and notes that bore no interest but were payable on demand.
The solution would be to require 100 percent reserves against deposits payable on demand and to separate the depository functions from the lending/investing functions of commercial banks.
Banks in those days had to hold "specie" (gold and silver coin), which was generally payable on demand when people wanted to redeem their bank notes (which were issued by private banks, not the government, before the Civil War).
Confederate notes were not legal tender and payable on demand.
The notes of these organizations were payable on demand and were only as strong as the bank or company itself.
But bailing Belarus out of its poverty would prove horribly expensive with the bill payable in ready cash, if Belarus held out for a currency union, on favourable terms, as the price of its sovereignty.
They function as promissory notes issued by a bank and are payable to a bearer on demand without interest, which makes them roughly equivalent to money.
That spark turned into Zuora, an on-demand billing and subscription-management service.
Payable operates a platform aimed at on-demand companies that simplified the process of onboarding and tracking payments to large numbers of contractors.
