Withdrawal

Withdrawal
Removing funds from an account, plan, pension or trust. In some cases, conditions must be met in order to withdraw funds without penalization. There are two ways to withdraw money: in cash or in kind.

Withdrawal can be done over a period of time in fixed or variable amounts or in one lump sum. Penalization for early withdrawal usually arises when a clause in an investment contract is broken. Cash withdrawal requires converting the holdings of an account, plan, pension or trust into cash, usually through a sale. In kind withdrawal is simply taking possession of assets and does not require conversion to cash.


Investment dictionary. . 2012.

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  • withdrawal — with‧draw‧al [wɪDˈdrɔːəl, wɪθ ǁ ˈdrɒːəl ] noun 1. [countable, uncountable] BANKING the act of taking money from a bank account, or the amount you take out: withdrawal of • There are penalties for the early withdrawal of savings. • cash… …   Financial and business terms

  • withdrawal — with·draw·al n 1: the act or fact of withdrawing withdrawal from a conspiracy 2: removal of money from a place of deposit or investment a penalty for early withdrawal Merriam Webster’s Dictionary of Law. Merriam Webster. 1996 …   Law dictionary

  • withdrawal — (n.) 1820s, act of taking back, also retraction of a statement, from WITHDRAW (Cf. withdraw) + AL (Cf. al) (2). Earlier words in the same sense were withdrawment (1640s); withdraught (mid 14c.). Meaning removal of money from a bank, etc. is from… …   Etymology dictionary

  • withdrawal — [with drôl′mənt, with drôl′məntwithdrô′əl, withdrô′əl] n. 1. the act of withdrawing 2. the act or process of giving up the use of a narcotic drug to which one has become addicted, typically accompanied by distressing physiological and mental… …   English World dictionary

  • Withdrawal — With*draw al, n. The act of withdrawing; withdrawment; retreat; retraction. Fielding. [1913 Webster] …   The Collaborative International Dictionary of English

  • withdrawal — [n] removal; retraction abandonment, abdication, abjuration, alienation, departure, disavowal, disclaimer, disengagement, egress, egression, exit, exiting, exodus, extraction, marooning, palinode, recall, recantation, relinquishment, repudiation …   New thesaurus

  • withdrawal — ► NOUN 1) the action or an act of withdrawing. 2) the process of ceasing to take an addictive drug …   English terms dictionary

  • Withdrawal — For other uses, see Withdrawal (disambiguation). Withdrawal Classification and external resources ICD 10 F10.3 F19.3 ICD …   Wikipedia

  • withdrawal — noun 1 removing/leaving ADJECTIVE ▪ eventual, imminent ▪ abrupt, immediate, precipitous (esp. AmE), rapid, sudden ▪ gradual …   Collocations dictionary

  • withdrawal — n. removal of funds 1) to make a withdrawal 2) mass withdrawals 3) a withdrawal from (a withdrawal from an account) retreat (often mil.) 4) to carry out, make a withdrawal 5) to complete a withdrawal 6) an orderly; precipitate; strategic;… …   Combinatory dictionary

  • withdrawal — [[t]wɪðdrɔ͟ːəl[/t]] ♦♦♦ withdrawals 1) N VAR: usu N of n The withdrawal of something is the act or process of removing it, or ending it. [FORMAL] ...withdrawal of friendship... If you experience any unusual symptoms after withdrawal of the… …   English dictionary

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