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 ?
If withdrawal symptoms occurred during the first four-to-six days, the dosage of vitamin C was increased.
Though normal nursery care is provided to these infants for comfort from withdrawal symptoms, there has been little empirical research of nursing interventions to decrease withdrawal symptoms in these infants (D'Apolito, 1999).
The authors report that they are the first to develop a withdrawal symptoms assessment tool for critically ill children on the basis of the underlying empirical structure of symptom co-occurrence and experts' ratings.
A European report of a baby exposed to the SNRI venlafaxine (Effexor) in late pregnancy, whose symptoms resolved after receiving a small dose of the drug, strengthened the concept that this might be a beneficial approach to treating neonatal withdrawal symptoms.
As use of antidepressants and similar drugs for relief of hot flashes increases, efforts to improve awareness of how to manage discontinuation and withdrawal symptoms among a wide range of health care providers will become increasingly important.
Using greater amounts of marijuana, meeting criteria for abuse or dependence, and a history of chronic use (>10 years) increase the risk of developing clinically significant withdrawal symptoms.
However, most of the 13 other people who had quit smoking had experienced typically tough withdrawal symptoms.
A longer period of time before withdrawal symptoms develop will occur with some of the synthetic opiates, and where methadone detoxification is intended (at a maintenance dose of 30 mg/day of methadone), the time before significant withdrawal symptoms may be as long as 24-36 hours.
Nicotine withdrawal symptoms include irritability, craving, cognitive and attention deficits, sleep disturbances, and increased appetite.
When I was fired, after practically 20 years' immersion in so-called addictive sexual imagery, I experienced no withdrawal symptoms, and I have had no subsequent cravings for smut.
Moreover, blocking the effects of the endorphins could lead to withdrawal symptoms.
At the inquest concerns were raised that when he had been taken off the drug in 2003, he had experienced possible manic withdrawal symptoms associated with the controversial anti-depressant.