Within the FM online community I usually see the various studio takes labeled appropriately as "outtakes" or "takes." I can't recall an instance were they've been called demos except for maybe their inclusion under "demos" as a catch-all term to refer to the unofficial recordings passed around by fans, which I was under the impression was just for ease of reference. I think most are aware of the difference.
Demos can certainly be recorded with a full band, too. Demos are [obviously] just demonstrations of a song to share with people not intended to be in final form. Whether or not they were recorded in the studio, at home, with just one instrument, with 12 instruments is irrelevant.
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