Negotiable order of withdrawal definition

Negotiable order of withdrawal means a draft drawn on a NOW account.
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
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.

Examples of Negotiable order of withdrawal in a sentence

  • While maintaining the 50% capacity factor Generation Resource Qualification Requirement for Baseload Supply Resources, the Transmission Provider will implement requests by the Market Participant for a reduction of the ownership or contractual duration for that Market Participant from the required five (5) year duration to a one (1) year duration, for PPAs that serve load in the Market Participant’s ARR Zone.

  • Negotiable order of withdrawal (NOW) accounts 22 may be 18 12 U.S.C. 1841(c)(1).19 Regulation D, 12 CFR part 204, implements the reserve requirements of section 19 of the Federal Reserve Act and defines a demand deposit as a deposit that is payable on demand, or issued withoffered by industrial banks.23 Industrial banks have branching rights, subject to certain State law constraints.

  • 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.

  • 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 ("NOW") and money market accounts increased $1.7 million and certificates of deposit increased $4.8 million.

Related to Negotiable order of withdrawal

  • 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.