NOW account

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.

NOW account

An interest-bearing account on which checks may be written. Authorized on a national scale in 1981, these accounts pay a relatively small return. Therefore, the balances in NOW accounts should be kept at the minimum necessary to provide needed funds without incurring service charges. Also called negotiable order of withdrawal. See also super NOW account.

单词	now account
释义	NOW account NOW account N0179700 (nou)n. An interest-bearing savings account against which drafts may be written. [n(egotiable) o(rder of) w(ithdrawal).] NOW′ account` n. a savings account against which checks can be written. [1970–75; n(egotiable) o(rder) (of) w(ithdrawal)] NOW account 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. NOW account An interest-bearing account on which checks may be written. Authorized on a national scale in 1981, these accounts pay a relatively small return. Therefore, the balances in NOW accounts should be kept at the minimum necessary to provide needed funds without incurring service charges. Also called negotiable order of withdrawal. See also super NOW account.
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NOW account

NOW account

NOW′ account`

NOW account

Negotiable Order of Withdrawal Account

NOW account