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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 MatchesEarly withdrawal penaltyEarly withdrawal penaltyA charge imposed on holders of fixed term investments in the event of withdrawal prior to maturity. Early withdrawalEarly withdrawalSee: Premature distribution 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. 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. Systematic withdrawal planSystematic withdrawal planA provision of certain mutual funds to pay out to the shareholder specified amounts after specified periods of time. Further SuggestionsEarly withdrawal penaltyAutomatic withdrawal In service withdrawal |
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