NOW account

[nou uh-kount]

noun

1. Banking.,  a savings account against which checks can be written.

Word History and Origins

Origin of NOW account¹

First recorded in 1970–75; n(egotiable) o(rder of) w(ithdrawal)

Example Sentences

Because the top 10% of earners now account for 50% of spending in the U.S., their outcomes can easily overshadow what is happening with the remaining 90% of the Americans, who now account for a smaller share of the economy than they have in the past and are, in many cases, concerned about their futures right now.

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NFDIs now account for some 33% of all commercial and industrial loans originated by large banks, according to J.P.

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In recent years, they have jumped in and now account for a higher percentage of investors with retail brokerage accounts than ever before.

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U.S. households making $275,000 a year or more now account for nearly half of all spending, a record in data going back to 1989, according to an analysis by Moody’s Analytics.

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Ferrari started dabbling in hybrid technology on the racetrack in 2009, and hybrids now account for almost half its output.

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