checking account
Definition
An account which allows the holder to write checks against deposited funds. Checking accounts which pay interest are sometimes referred to as negotiable order of withdrawal (NOW) accounts. The interest rate often depends on how large the balance in the account is, and most charge a monthly service fee if the account balance falls below a preset level.
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Related Terms
account, money order, negotiable instrument, overdraft protection, account reconciliation
'checking account
' appears in the definitions of these terms on BusinessDictionary.comacceptance credit, current account, merchant account, overdraft, asset management account, and 
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