draw money from an account
41Negotiable Order of Withdrawal account — In the United States, a Negotiable Order of Withdrawal account (NOW account) is a deposit account that pays interest, on which checks may be written.[1] While a negotiable order of withdrawal is essentially identical to a check, US banking… …
42with·draw·al — /wıðˈdrɑːəl, wıθˈdrɑːəl/ noun, pl als 1 [count] 1 a : an act of moving something away or taking something away The general authorized the withdrawal of troops from the fields. a withdrawal of support 1 …
43need — 1 /ni:d/ verb (transitive not in progressive) 1 MUST to feel that you must have something or must do something; require: need sth: That was what I needed strong, hot coffee. | I don t need your approval, thank you very much. | need to do sth: I… …
44Payable Through Draft — A draft that is payable through a specific bank. Payable through draft instruments draw money from the account of the issuer. Corporations use these instruments to pay bills, and insurance companies use them to pay claims. The bank s name is… …
45credit line — / kredɪt laɪn/ noun an overdraft, the amount by which a person can draw money from an account with no funds, with the agreement of the bank ♦ to open a credit line or line of credit to make credit available to someone …
46check — n 1: something that limits or restrains see also checks and balances 2: a written order signed by its maker directing a bank to pay a specified sum to a named person or to that person s order on demand see also negotiable instrument compa …
47Court Funds Office — The Court Funds Office (CFO) provides a banking and investment service for the courts throughout England and Wales, including the High Court. It accounts for money being paid into and out of court and, as directed by the court, look after any… …
48drawer — draw·er / drȯ ər/ n: the party that draws a draft compare drawee, payee Merriam Webster’s Dictionary of Law. Merriam Webster. 1996 …
49check — [chek] n. [ME chek < OFr eschec, eschac, a check at chess, repulse < ML scaccus, scahus < Pers šāh, king, principal piece in a game of chess (see SHAH1); prob. sense development: king in danger hostile action restraining action means of… …
50drawee — draw·ee /drȯ ē/ n: the party (as a bank) on which a draft is drawn compare drawer, payee Merriam Webster’s Dictionary of Law. Merriam Webster. 1996 …
