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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 MatchesNegotiableNegotiableA security whose title is transferable by delivery . See also: Negotiable instrument. Negotiable instrumentNegotiable instrumentAn unconditional order or promise to pay some amount of money, easily transferable from one party to another. Negotiable bill of ladingNegotiable bill of ladingContract that grants title of merchandise to the holder, which allows banks to use the merchandise as collateral. Negotiable order of withdrawal (NOW)Negotiable order of withdrawal (NOW)Demand deposits that pay interest. Negotiable instrumentNegotiable instrumentAn instrument, such as a cheque or a bill of exchange, which can be transferred by one person to another by the first signing his name on the back of the instrument. Further SuggestionsRenegotiable Rate MortgageNegotiable certificates of deposit Renegotiable rate not negotiable Negotiable Instrument |
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