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What does on demand mean?

Looking for the meaning or definition of the word on demand? Here's what it means.

Prepositional phrase
  1. (idiomatic) When needed or required.
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Examples
Like other types of bills of exchange payable on demand, a cheque has to be presented for payment within a reasonable time.
It continually adjusts to the owner's driving preferences, tuning itself to provide more power on demand for better fuel economy.
There are so many variables, for example interest rates have an effect on demand.
As part of this contract, orders for NHS medicines are dispensed for patients on demand with reasonable promptness.
Many financial institutions offer derisory returns of 0.1 per cent or slightly more on demand deposit accounts.
Trade-related services involve not only letters of credit but handing trade documentation, on demand guarantees and countertrade.

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