automatic withdrawal

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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Allow consumers to cancel an automatic withdrawal in connection with a small-dollar loan.
Automatic withdrawal will also apply should a reserve not be declared a runner or should it be a non-runner.
This automatic withdrawal without supervision should not apply to contingency fee cases," he said.
The CFPB provided tips for consumers on what to do before providing automatic withdrawal permission to a company, including: Verify the company, watch for overdraft fees, be wary of a company that pressures repayment by automatic debit, and monitor accounts for unauthorized payments or transfers.
Keep in mind that most provinces do not have a law that states how rent must be paid, so the landlord cannot usually demand that you pay by automatic withdrawal.
Reacting to this news, Millar pointed out that according to MSCI's methodology statements and notifications, where there is complete and lengthy market closure, the situation is reviewed on a case by case basis and there is no automatic withdrawal for indices.
The lender hands over the cash and, in exchange, you provide a post-dated cheque or authorisation for an automatic withdrawal from your bank account to repay it plus interest next payday.
The automatic withdrawal provision has become perhaps the most controversial provision of the War Powers Resolution.
Either there is an automatic withdrawal to the armistice line separating Israel from the West Bank since the Rhodes agreements of 1949, or this so-called "green line" serves as a point of origin from which necessary changes are made, reflecting the situation on the ground today and the changes that have taken place since the June 1967 war.
I made more money as a nurse than I did in my "other careers" and with the monthly automatic withdrawal method of payment, I didn't feel any budget pinch belonging to the nursing association.
But wanting to be sensitive to the financial burden this could place on families, the school administration said it is exploring alternative payment options, such as monthly automatic withdrawal.
25 percent interest rate reduction for automatic withdrawal payments using EasyPay.

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