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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 MatchesSystematic withdrawal planSystematic withdrawal planA provision of certain mutual funds to pay out to the shareholder specified amounts after specified periods of time. 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. Automatic withdrawalAutomatic withdrawalA mutual fund that gives shareholders the right to receive a fixed payment from dividends on a quarterly or monthly basis. Early withdrawalEarly withdrawalSee: Premature distribution In service withdrawalIn service withdrawalA participant-initiated withdrawal from an employer-sponsored retirement plan while the participant is still employed by the company. Further SuggestionsDay of deposit to day of withdrawal accountearly withdrawal penalty Early withdrawal penalty |
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