Withdrawal

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Withdrawal

A transaction in which a customer receives back money he/she had previously deposited at a bank, pension, or trust. When one makes a withdrawal on a pension or similar plan, it may carry a penalty depending on the pension's rules. For example, one must usually be of a certain age in order to make a withdrawal. There is rarely such a penalty when making a withdrawal from a bank. For instance, when one closes an account, the client makes a withdrawal on all the money he/she owns at that bank.

Withdrawal.

A withdrawal is money you take out of your banking, brokerage firm, or other accounts.

If you withdraw from tax-deferred retirement accounts before you turn 59 1/2, you may owe a 10% early withdrawal penalty plus any income tax that's due on the amount you've taken out.

In everyday usage, the term withdrawal is used interchangeably with distribution to describe money you take from your tax-deferred accounts, though distribution is actually the correct term.

References in periodicals archive ?
The Withdrawal Assessment Tool-1 (WAT-1): An assessment instrument for monitoring opioid and benzodiazepine withdrawal symptoms in pediatric patients.
Hunter: With clear symptoms of opiate withdrawal, I like to begin an induction that is at once both conservative and results in rapidly diminishing withdrawal symptoms.
The researchers administered either a placebo or 5, 15, or 25 mg of naltrexone, a central and peripheral opioid receptor blocker; this blockage causes withdrawal symptoms in opioid drug-addicted people but not in nonaddicted people.
Withdrawal symptoms can be distressing, but they will pass, and remember, they are a sign that you are doing well;
But consultant psychiatrist Dr (NAME) Peter Moore said any withdrawal symptoms would have been countered by another anti-depressant Mr Kelly began taking at the same time.
Fisher and the other reports involving various SSRIs and SNRIs; their association with neonatal withdrawal symptoms suggest a class effect.
The report also says that Maradona has lost eight kilos and is overcoming withdrawal symptoms.
The majority of women (70%) had no or only mild withdrawal symptoms after stopping hormone therapy, but 30% had troublesome symptoms.
It reduces the cravings as well as the usual withdrawal symptoms of anxiety, sweating and irritability.
The study found that one of Micro Laboratories' products help to reduce withdrawal symptoms during quitting smoking clinical trials.
He told three nurses employed by the detention center, upon his arrival, that he was likely to undergo acute heroin withdrawal symptoms.
The most common withdrawal symptoms are headache, irritability, moodiness, and feeling tired.