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Negotiable Order of Withdrawal

   Also found in: Acronyms, Wikipedia 0.01 sec.
Negotiable order of withdrawal (NOW)

negotiable order of withdrawal

Negotiable Order of Withdrawal
A checking account at a bank or thrift that earns interest. The account holder is allowed to write checks or drafts against the money in the account and may withdraw any amount of money from it on demand. See also: M1.


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