Based on the Random House Dictionary, © Random House, Inc. 2009.
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Copyright © 2009 by Houghton Mifflin Company.
Published by Houghton Mifflin Company. All rights reserved.
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Withdrawal
With*draw"al\, n. The act of withdrawing; withdrawment; retreat; retraction. --Fielding.Cite This Source
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.
Investopedia Commentary
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.
Related Links
Selecting The Payout On Your Annuity
Taking Penalty-Free Withdrawals From Your IRA
See also: Annuitization, Distribution in Kind, Liquidation, Payment In-Kind - PIK, Systematic Withdrawal Plan - SWP, Systematic Withdrawal Schedule, Withdrawal Plan
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Main Entry: with·draw·al
Function: noun
1 : the act or fact of withdrawing <withdrawal from a conspiracy>
2 : removal of money from a place of deposit or investment withdrawal>
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Main Entry: with·draw·al
Pronunciation: -'dro(&-)l
Function: noun
1 a : a pathological retreat from objective reality (as in someschizophrenic states) b : social or emotional detachment
2 a : the discontinuance of administration or use of a drug b : the syndrome of oftenpainful physical and psychological symptoms that follows discontinuance of an addicting substance withdrawal>
3 :
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withdrawal with·draw·al (wĭ&phonth;-drô'əl, wĭth-)
n.
- Detachment, as from social or emotional involvement.
- Discontinuation of the use of an addictive substance.
- The physiological and mental readjustment that accompanies such discontinuation.
- A pattern of behavior, observed in schizophrenia and depression, that is characterized by a pathological retreat from interpersonal contact and social involvement and that leads to self-preoccupation.
Copyright © 2002, 2001, 1995 by Houghton Mifflin Company. Published by Houghton Mifflin Company.
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withdrawal (wĭ -drô'əl, wĭth-) Pronunciation Key
Discontinuation of the use of an addictive substance. The symptoms of withdrawal include headache, diarrhea, and tremors and can range from mild to life threatening, depending on the extent of the body's reliance on the addictive substance. |
Copyright © 2002. Published by Houghton Mifflin. All rights reserved.
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əl
-drô'əl, wĭth-)