Negotiable order of withdrawal definition

Negotiable order of withdrawal means a draft drawn on a NOW account.
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Negotiable order of withdrawal means an account in a bank, savings and loan association, or industrial bank. § 18-5-205(l)(g), C.R.S.
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Negotiable order of withdrawal means a draft drawn on a NOW account. [(24)] (25) (a) "NOW account" means a savings account from which the owner may
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Examples of Negotiable order of withdrawal in a sentence

  • Negotiable order of withdrawal (NOW) accounts21 may be offered by industrial banks.22 Industrial banks have branching rights, subject to certain State law constraints.

  • Negotiable order of withdrawal (NOW) accounts and other types of accounts that permit payments or transfers to third parties fall within the definition of transaction accounts and are subject to the reserve requirements, as are any non-personal time deposits at a savings bank.

  • Negotiable order of withdrawal ("NOW") accounts are assumed to decay at a rate of 20% per year.

  • Negotiable order of withdrawal accounts (NOW accounts) with interest rates no higher than 0.50 percent if the insured depository institution at which the account is held has committed to maintain the interest rate at or below0.50 percent.

  • The information booklet now includes information that care recipients’ have requested, including how to use specific equipment within their room.

  • Deposits consist of the following: June 30 --------------------------- 1998 1997 -------------------------------------------------------------------- Savings accounts: Fixed rate, passbook $ 6,421,631 $ 6,904,561 Variable rate, money market 3,081,666 3,354,231 --------------------------- 9,503,297 10,258,792 Negotiable order of withdrawal (NOW) accounts 4,569,764 4,072,240 Certificates 19,994,420 22,024,181 --------------------------- $34,067,481 $36,355,213 =========================== 6.

  • Negotiable order of withdrawal and share draft mean negotiable or transferable instruments drawn on a negotiable order of withdrawal account or a share draft account, as the case may be, for the purpose of making payments to third persons or otherwise.

  • Negotiable order of withdrawal (NOW) – are interest – bearing deposits of accounts that combine the payable on demand feature of the checks and investment feature of a savings acct.

  • This is likely to promote the necessary feedback for positive reinforcement of agglomerations over time.Under a more geographic-oriented perspective, several authors have addressed the existing dynamics behind physical distances.

  • Although clinical services are provided, the main emphasis is on services that are low-intensity and typically emphasize a supportive environment.

Related to Negotiable order of withdrawal

  • Power of withdrawal means a presently exercisable general power of appointment other than a power:

  • Event of Withdrawal has the meaning assigned to such term in Section 11.1(a).

  • Dissent Procedures has the meaning set out in Section 3.1;

  • Trust Account Rules means the rules relating to the establishment and operation of a trust account established and operated by the Distributor in accordance with clause 10.26;

  • Event of withdrawal of a general partner means an event that causes a person to cease to be a general partner as provided in section 402.

  • Disclosure Statement Order means the order of the Bankruptcy Court approving the Disclosure Statement.

  • Custodian of a government record or "custodian" means in the

  • Settlement Procedures means the Settlement Procedures attached hereto as Exhibit A.

  • Sale Procedures Unless otherwise specified in the Supplement, shall mean that, with respect to any sale of one or more Underlying Securities or Related Assets, the Market Agent, on behalf of the Trust, shall sell such Underlying Securities or Related Assets to the highest bidders among not less than two solicited bidders for such Underlying Securities or Related Assets (one of which bidders may include Merrill Lynch & Co. or any Affiliate thereof; provided, however, that xxxxxxr Xxxxill Lynch & Co. nor any of its Affiliates will be under any obligxxxxx xo xxx, and which bidders need not be limited to recognized broker dealers). In the sole judgment of the Market Agent, bids may be evaluated on the basis of bids for a single Underlying Security or Related Asset, a portion of the Underlying Securities or Related Assets, or all of the Underlying Securities or Related Assets being sold or any other basis selected in good faith by the Market Agent.

  • Receipt of surrender of ownership documents means the receipt of surrender of

  • Certificate of Substantial Performance means a certificate issued by the NCC when the Work reaches Substantial Performance;

  • Notice of Purchase Withdrawal Has the meaning specified in the Deposit Agreement.

  • Cash Withdrawal means a disbursement of funds in any currency from any Account out of the balance in your favour (whether or not in the form of cash) made or obtained through or in connection with any Citibank ATM/ Debit Card.

  • Applicable Procedures means, with respect to any transfer or exchange of or for beneficial interests in any Global Note, the rules and procedures of the Depositary, Euroclear and Clearstream that apply to such transfer or exchange.

  • Book-Entry Rules The provisions from time to time in effect, currently contained in Title 24, Part 81, Subpart H of the Code of Federal Regulations, setting forth the terms and conditions under which Xxxxxxx Mac may issue securities on the book-entry system of the Federal Reserve Banks and authorizing a Federal Reserve Bank to act as its agent in connection with such securities. Business Day: A day other than (i) a Saturday or Sunday and (ii) a day when the Federal Reserve Bank of New York (or other agent acting as Xxxxxxx Mac’s fiscal agent) is closed or, as to any Holder, a day when the Federal Reserve Bank that maintains the Holder’s account is closed.

  • Depositary Procedures means, with respect to any conversion, transfer, exchange or transaction involving a Global Note or any beneficial interest therein, the rules and procedures of the Depositary applicable to such conversion, transfer, exchange or transaction.

  • Proper Instruction means a writing signed or initialed by one or more person or persons as the Board shall have from time to time authorized. Each such writing shall set forth the specific transaction or type of transaction involved. Oral instructions will be deemed to be Proper Instructions if (a) FAS reasonably believes them to have been given by a person previously authorized in Proper Instructions to give such instructions with respect to the transaction involved, and (b) the Investment Company, or the Fund, and FAS promptly cause such oral instructions to be confirmed in writing. Proper Instructions may include communications effected directly between electro-mechanical or electronic devices provided that the Investment Company, or the Fund, and FAS are satisfied that such procedures afford adequate safeguards for the Fund's assets. Proper Instructions may only be amended in writing.

  • Administrative Procedures means the Administrative Procedures of Minnesota Management & Budget developed in accord with M.S. 43A.04, subdivision 4.

  • Final Withdrawal Has the meaning specified in the Escrow Agreement.

  • Participant Direction Procedures means such instructions, guidelines or policies, the terms of which are incorporated herein, as shall be established pursuant to Section 4.10 and observed by the Administrator and applied and provided to Participants who have Participant Directed Accounts.

  • uncertificated proxy instruction means an instruction or notification sent by means of a relevant system and received by such participant in that system acting on behalf of the Company as the board may prescribe, in such form and subject to such terms and conditions as may from time to time be prescribed by the board (subject always to the facilities and requirements of the relevant system concerned);

  • Proper Instructions means Written Instructions.

  • Administrative Instructions means the Administrative Instructions under the Treaty;

  • Stop Loss Order means an order placed to close a position once it hits a specific price in order to protect yourself from further losses and avoid potential close-outs/stop-outs.

  • Regulation S Temporary Global Note Legend means the legend set forth in Section 2.06(g)(iii) hereof.