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  • Wednesday, April 30, 2025
  • The Financial Encyclopedia
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NOW Account

An abbreviation for negotiable order of withdrawal account; an interest bearing checking account. It is a type of transaction accounts...

    Novation

    A method that is used by a lender to transfer a loan whereby the rights and obligations under the loan...

      Deposit

      An amount of money (in whatever form: cash, check, draft, wire transfer, etc.) that is placed with a bank or...

        Commercial Paper

        Unsecured, short-term notes (money-market instruments) that are sold on a discount basis either indirectly (through traders and dealers) or directly...

          Bitter-End Certificate of Deposit

          A certificate of deposit (CD) that is kept intact by the holder for its full term. The CD offers a...

            Brokered Certificate of Deposit

            A certificate of deposit (CD) that is sold through a third party (brokers and dealers) rather than directly through the...

              Basket-Linked CD

              A certificate of deposit (CD) that links the rate of return (yield) to the performance of a basket of stocks....

                Blocked Account

                A bank account (banking account) whose holder may not be able to withdraw from because it becomes subject to restrictions...

                  Brokered CD

                  A certificate of deposit (CD) that is sold through a third party (brokers and dealers) rather than directly through the...

                    Bitter-End CD

                    A certificate of deposit (CD) that is kept intact by the holder for its full term. The CD offers a...