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NOW

See: Negotiable Order of Withdrawal



NOW

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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.


Know your client

Know your client

The ethical principle relating to broker dealers and financial advisers that all reasonable steps have been taken to gather sufficient relevant financial and personal information regarding the customer and that subsequent investment recommendations will take full account of that information.


Acknowledgement

Acknowledgement

A written declaration by a person executing an instrument, given before an officer authorized to give an oath (usually a notary public), stating that the execution is of his own volition.


Negotiable order of withdrawal (NOW)

Negotiable order of withdrawal (NOW)

Demand deposits that pay interest.


Knowledge base

Knowledge base

An organized repository of information, for instance detailed information about a company's products or services, set up as a self-help system for site visitors.


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