- early withdrawal
- /ˌɜ:li wɪð'drɔ:əl/ nounthe act of withdrawing money from a deposit account before the due date● Early withdrawal usually incurs a penalty.
Dictionary of banking and finance. 2015.
early withdrawal
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Early Withdrawal — The removal of funds from a fixed term investment before the maturity date, or the removal of funds from a tax deferred investment account or retirement savings account, such as an IRA or 401(k) before a prescribed time. Early withdrawal could be … Investment dictionary
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
early withdrawal — See: premature distribution … Financial and business terms
early withdrawal penalty — Penalty paid by the holder of a fixed term investment penalizing an investor who withdraws money before the agreed upon maturity date. Bloomberg Financial Dictionary … Financial and business terms
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 Penalty — Refers to any penalty incurred by an individual for early withdrawal from an account that is either locked in for a stated period, as in a time deposit at a financial institution, or where such withdrawals are subject to penalties by law, such as … Investment dictionary
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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