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Now accounts

• NOW Accounts denotes Negotiable Orders of Withdrawal. They are similar to demand deposits. Some interest is paid, however, subject to minimum balance. There is less withdrawal risk. They are subject to reserve requirement of 10% and deposit insurance premium of 23 to 31 basis point (one-hundredth of a percent).

 
 Embedded terms in definition
 Basis point
Basis
Demand deposits
Demand
Interest
Point
Premium
Reserve
Risk
Subject
 
 Related Terms
 Accounts payable
Accounts payable management
Accounts receivable
Accounts receivable turnover
Aging of accounts receivable
Average age of accounts receivable
Chart of accounts
Factoring accounts receivable
Ira/keogh accounts
Passbook savings accounts
Pledge of accounts receivable
Stretching accounts payable
Wrap or wrap accounts

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