What is Negotiable Order of Withdrawal?
Negotiable Order of Withdrawal A type of interest-bearing bank account allowing the account holder to write checks against deposited funds, commonly found in the US under regulatory exception.
Source: CFA Institute, IFRS Foundation, FASB (GAAP), Basel III Framework
How is “Negotiable Order of Withdrawal” Used in Practice?
A Negotiable Order of Withdrawal account allows depositors to earn interest while retaining check-writing privileges, under Regulation Q exceptions.
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Who Needs to Know This Term?
- Financial Analysts
- Bankers
- Traders
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What is Negotiable Order of Withdrawal?
A type of interest-bearing bank account allowing the account holder to write checks against deposited funds, commonly found in the US under regulatory exception.
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