early withdrawal

early withdrawal
/ˌɜ:li wɪð'drɔ:əl/ noun
the act of withdrawing money from a deposit account before the due date
Early withdrawal usually incurs a penalty.

Dictionary of banking and finance. 2015.

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  • early withdrawal penalty — /ˌɜ:li wɪð drɔ:əl ˌpenəlti/ noun a penalty which a depositor pays for withdrawing money early from an account …   Dictionary of banking and finance

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  • 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

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  • 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… …   Investment dictionary

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