NOW account

/'naυ əˌkaυnt/ noun US
an interest-bearing account with a bank or savings and loan association, on which cheques (called ‘negotiable orders of withdrawal’) can be drawn.
Full form negotiable order of withdrawal account

Dictionary of banking and finance. 2015.

Look at other dictionaries:

  • NOW account — Negotiable Order of Withdrawal ( NOW) The name of an interest bearing checking account that banks are permitted by regulation to offer to certain customers. American Banker Glossary ( Negotiable Order of Withdrawal Account) An interest earning… …   Financial and business terms

  • now account — ˈnȧu noun Usage: usually capitalized N&O&W Etymology: negotiable order of withdrawal : a savings account on which checks may be drawn * * * Now account «now», U.S. a savings account from which a depositor may withdraw money by check for payment… …   Useful english dictionary

  • NOW account — bus NOW′ account n. a savings account against which checks can be written • Etymology: 1970–75; n(egotiable) o(rder) (of) w(ithdrawal) …   From formal English to slang

  • Super NOW Account — An account created in 1982 that offers a higher interest rate than a NOW account but lower interest than a money market account. Specific requirements, such as minimum deposits and interest rates, for super NOW accounts vary between banks. This… …   Investment dictionary

  • Negotiable Order of Withdrawal (NOW) Account — An interest earning bank account with which the customer is permitted to write drafts against money held on deposit. Also known as a NOW account . Typically commercial banks, mutual savings banks and savings and loan associations can offer this… …   Investment dictionary

  • account — a record of a business transaction. When you buy something on credit, the company you are dealing with sets up an account . This means it sets up a record of what you buy and what you pay. You will do the same thing with any customers to whom you …   Financial and business terms

  • account — ac|count1 [ ə kaunt ] noun *** ▸ 1 arrangement with bank ▸ 2 report/description ▸ 3 arrangement with store ▸ 4 regular customer ▸ 5 for e mail ▸ 6 record of money ▸ + PHRASES 1. ) count an arrangement in which a bank takes care of your money. You …   Usage of the words and phrases in modern English

  • Now — usually refers to the present time. Now or NOW may also refer to: Contents 1 Albums 2 Songs 3 Media …   Wikipedia

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  • Account planning — is the discipline that brings the consumer into the process of developing advertising. To be truly effective, advertising must be both distinctive and relevant, and planning helps on both counts. Chris CowpeHistoryAccount planning is a job title… …   Wikipedia

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