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.

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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Section 7805(e) of the Code subjects temporary tax regulations issued after November 20, 1988, to automatic withdrawal unless the regulation is promulgated in final form within three years of the date of issuance.

Microsoft Corporation, petitioner-appellant, v. Commissioner of ... by Tax Executive

This may still be the case even in the modern world of electronic banking with direct deposit of paychecks and bill-paying either as an automatic withdrawal, by posted check, or over the Internet.

Section V: special reports by Uniform Crime Reports: Crime in the United States

Participating employees would send their premiums directly to insurers under a debit system, such as automatic withdrawal from a checking account, the government said.

Federal LTC Program Offered by Famiglietti, Len / Best's Review

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automatic wet-pipe sprinkler system
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automatic writing
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automatic zero setting
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automatic-control transient analysis
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automatically

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