automatic withdrawal

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Automatic withdrawal

A mutual fund that gives shareholders the right to receive a fixed payment from dividends on a quarterly or monthly basis.

Automatic Withdrawal

A mutual fund that gives a certain, stated amount to each shareholder every month or quarter. For example, an automatic withdrawal fund could be structured to give shareholders one dollar per share per month. The money theoretically comes from dividends or coupons, but if there is not enough income to cover the withdrawal, the fund's managers must liquidate some securities to cover the obligation.

automatic withdrawal

A feature of some mutual funds that allows a shareholder to specify that the fund remit fixed payments at periodic intervals. The payments are composed of dividends, interest, and capital gains received by the fund, and, if these are insufficient, liquidation of some shares owned by the shareholder.
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As spelled out in this issue's feature "Why You Must Always Invest in Stocks," you can start investing in the stock market with as little as $25 through an account that's funded by automatic withdrawals.
If customers have direct deposit of, for example, their paychecks or automatic withdrawals for payments, such as utility bills, these will be transferred to their new account at Home Federal.
The new rule doesn't apply to bounced checks or automatic withdrawals.
We offer STAFFORD and PLUS loan programs that reward borrowers for automatic withdrawals and consecutive on-time payments.
Also earlier this month, Resona group banks double-billed more than 2,000 electronic and other accounts, mainly of corporate customers, in automatic withdrawals for paying bills.
The new register was developed in response to changing consumer payment needs, with more writing space and options such as special codes that can be used to keep track of automatic withdrawals and deposits, ATM transactions and debit card purchases.
A plan with more achievable targets and a disciplined approach to reaching them, such as automatic withdrawals, is more likely to work.
If you choose to pay a yearly membership fee in monthly installments, you will probably be asked to authorize the club to make automatic withdrawals from your bank or charge-card account.
Set up and edit automatic withdrawals from their IRAs to help ensure they complete their MRDs by year end and do not miss any payments to avoid incurring IRS penalties (which can be up to 50 percent of the sum not withdrawn by the IRS deadlines).
We offer STAFFORD and PLUS loan programs that rewards borrowers for automatic withdrawals and consecutive on-time payments.
Klein suggests funding the IRA through payroll direct deposits or automatic withdrawals from a checking account(1).
Company Chairman Steve Case said America Online has ``been in discussions with the Federal Trade Commission'' and several state attorneys general, who have raised questions about some general industry practices, including procedures for automatic withdrawals from subscriber bank accounts and the adequacy of advertising disclosures about free-trial and cancellation policies.

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