NOW


 

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NOW

See: Negotiable Order of Withdrawal



NOW

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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.


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.


Snowballing

Snowballing

Used in the context of general equities. Process by which the exercise of stop orders in a declining or advancing market causes further downward or upward pressure on prices, thus triggering more stop orders and more price pressure, and so on.


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.


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