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Negotiable order of withdrawal (NOW) |
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Negotiable order of withdrawal (NOW)Demand deposits that pay interest.Negotiable order of withdrawal (NOW) Similar MatchesAutomatic withdrawalAutomatic withdrawalA mutual fund that gives shareholders the right to receive a fixed payment from dividends on a quarterly or monthly basis. Systematic withdrawal planSystematic withdrawal planA provision of certain mutual funds to pay out to the shareholder specified amounts after specified periods of time. Early withdrawal penaltyEarly withdrawal penaltyPenalty paid by the holder of a fixed-term investment penalizing an investor who withdraws money before the agreed-upon maturity date. Day of deposit to day of withdrawal accountDay of deposit to day of withdrawal accountA bank account that pays interest according to the number of days that the money is actually on deposit. Negotiable Order of Withdrawal Account (NOW)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. Further SuggestionsIn service withdrawalEarly withdrawal early withdrawal penalty |
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