negotiable order of withdrawal

Negotiable order of withdrawal (NOW)

Demand deposits that pay interest.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

Negotiable Order of Withdrawal Account

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.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved

negotiable order of withdrawal

See NOW account.
Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor by David L. Scott. Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved. All rights reserved.
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