Legal Definitions - NOW

Definition: NOW is an abbreviation that can stand for two different things:

1. NEGOTIABLE ORDER OF WITHDRAWAL: This is a type of financial document that allows the owner to withdraw money from a bank account. It's like a check, but it can be transferred to other people and used like cash. For example, if you have a NOW account and you write a NOW check for $100, the person you give the check to can take it to their bank and exchange it for $100 in cash.
2. National Organization for Women: This is a group that advocates for women's rights and gender equality. They work to promote policies and laws that support women's rights, such as equal pay, reproductive rights, and ending violence against women.

Examples:

• NEGOTIABLE ORDER OF WITHDRAWAL: Sarah wrote a NOW check for $500 to pay for her rent. Her landlord was able to deposit the check into their bank account and receive the money.
• National Organization for Women: The National Organization for Women held a rally to protest the gender pay gap and demand equal pay for women.

The examples illustrate the two different meanings of NOW. The first example shows how a NOW check can be used as a form of payment, similar to a regular check. The second example shows how the National Organization for Women works to promote women's rights and fight against discrimination.