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 ?
None of the common nicotine withdrawal symptoms appears linked to the ability to stop smoking for the entire six months.
He maintains that many body builders are addicted primarily to having a big body and charting the beefy consequences of steroid use, and that the fear of withdrawal symptoms probably plays a minimal role in maintaining a steroid addiction.
He found that occasional users did not experience the distressing withdrawal symptoms of hard-core addicts and tended to use heroin at specific times when it would not disrupt their jobs or other responsibilities.
5) In uncontrolled studies of patients withdrawing from opioids, supplementation with large doses of vitamin C in combination with other nutrients decreased the severity of withdrawal symptoms or eliminated them entirely, and frequently reduced cravings for the drug.
Loretta Finnegan, a pediatrician from Philadelphia General Hospital, first began to report withdrawal symptoms of newborns from drug-dependent mothers in 1969.
UGSu1vmBz3D) ABC News reported was released Wednesday by the Australian journal PLOS ONE, found that the withdrawal symptoms can be severe enough to interfere with life functioning.
Nicotine patches, which can help smokers to deal with their withdrawal symptoms during the day, are permitted," a fatwa said.
To construct a reliable and clinically practical instrument for monitoring opioid and benzodiazepine withdrawal symptoms in pediatric critical care patients.
During Ramadan, smokers fight the withdrawal symptoms until they break the fast, making it easier for them to break the habit," Dr Al Maidour.
Adults who stop these drugs abruptly can experience typical withdrawal symptoms, such as nervousness, unrest, tremors, insomnia, and even seizures, so it makes biologic sense that a newborn may develop withdrawal symptoms after exposure in utero.
These are some of the terms people have used to describe the withdrawal symptoms from popular antidepressants, including Paxil and Effexor.
Because adults who stop these drugs abruptly can experience typical withdrawal symptoms--nervousness, unrest, tremors, insomnia, and even seizures it makes biologic sense that a newborn may develop withdrawal symptoms after exposure in utero.