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Negotiable Order of Withdrawal Account (NOW) |
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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.Negotiable Order of Withdrawal Account (NOW) Similar MatchesNegotiable bill of ladingNegotiable bill of ladingContract that grants title of merchandise to the holder, which allows banks to use the merchandise as collateral. Negotiable instrumentNegotiable instrumentAn unconditional order or promise to pay some amount of money, easily transferable from one party to another. Negotiable order of withdrawal (NOW)Negotiable order of withdrawal (NOW)Demand deposits that pay interest. Negotiable certificates of depositNegotiable certificates of depositLarge-denomination bank certificates of deposit that can be traded. Not negotiableNot negotiableWords written on a bill of exchange or cheque which should prevent encashment following theft. For example if A writes a cheque to B and marks it 'not negotiable', then in the event that the cheque is stolen by C, it could not be cashed since no one can have a good title to it other than B. Further Suggestionsnegotiable instrumentNegotiable Instrument Renegotiable Rate Mortgage Renegotiable rate Negotiable |
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