/ˈpeɪəbl ɒn dɪˈmænd/ – Phrase
Definition: phải trả khi có giấy đòi, có thể trả khi có giấy đòi.
A more thorough explanation: “Payable on demand” refers to a legal term used in contracts or financial agreements to indicate that a payment must be made immediately upon request by the recipient. This term signifies that the payment is due and can be demanded at any time without the need for further notice or delay.
Example: The promissory note stated that the loan amount was payable on demand, meaning that the lender could request repayment at any time.