Search Elements:
- Taxonomy
- us-gaap
- Name
- DepositsNegotiableOrderOfWithdrawalNOW
- Label
- Deposits, Negotiable Order of Withdrawal (NOW)
- Period Type
- instant
- Balance Type
- credit
- Type
- xbrli:monetaryItemType
- Definition
- Amount of deposits in interest-bearing transaction accounts at banks or savings and loans, that are restricted in regard to ownership and can usually only be held by individuals, nonprofit entities and governments. Negotiable order of withdrawal accounts differ from money market demand accounts as they typically have higher reserve requirements and no limit on the number of checks that can be written.