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 type of account to individuals, some nonprofit organizations and certain governmental units.
|||Typically commercial banks, mutual-savings banks and savings-and-loan associations can offer this type of account to individuals, some nonprofit organizations and certain governmental units.
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