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Negotiable Order of Withdrawal Account (NOW)

The financial definition for Negotiable Order of Withdrawal Account (NOW):

An interest-earning account on which chechs may be drawn. Withdrawals from NOW accounts may be offered by commerical banks, mutual savings banks, and savings and loan associations and may be owned only by individuals and certain nonprofit organizations and govermental units.




Similar Matches

Negotiable

Negotiable
A security whose title is transferable by delivery . See also: Negotiable instrument.


Negotiable bill of lading

Negotiable bill of lading
Contract that grants title of merchandise to the holder, which allows banks to use the merchandise as collateral.


Negotiable certificates of deposit

Negotiable certificates of deposit
Large-denomination bank certificates of deposit that can be traded.


Further Suggestions

Negotiable instrument
Negotiable order of withdrawal (NOW)
Renegotiable rate


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