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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.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved


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.

Dictionary of Financial Terms. Copyright © 2008 Lightbulb Press, Inc. All Rights Reserved.
References in periodicals archive ?
Colonoscopic withdrawal times and adenoma detection during screening colonoscopy.
A mean withdrawal time for the endoscopist greater than or equal to 10 minutes increased the detection rate by 10% overall and by 28% in the right colon (P less than .001).
Total feed withdrawal times of 8 to 10 h prior to slaughter are recommended (Wabeck, 1972), although in practice longer periods sometimes occur.
The withdrawal time ensures that their livestock have used up the medicine.
"This could include, for example, seeking a licence condition that mandates a specific approach to rule 4 that would mitigate the evident risk; namely, applying rule 4 based on the price of the withdrawn horse at time of bet placement or the price of the withdrawn horse at its official withdrawal time as recorded by the BHA." The commission said they had not imposed a financial penalty because there had been no breach of licence conditions.
A Knowledge, Attitude and Participation Analysis (KAP-Analysis) regarding withdrawal time, farmer attitude, its irrational use and effect can be carried out in Pakistan for further proof.
Any medications used for the treatments above should be cross-referenced with the National Residue Program (NRP) to see if they are safe to use or what the withdrawal time from the chicken and/or egg will be.
After controlling for age, body mass index, smoking, alcohol consumption, withdrawal time, and the quality of bowel preparation, researchers found 81% higher odds of detecting an adenoma using the water-method group than in the air-method patients odds ratio 1.81), Dr.
Last year, a joint task force of the American College of Gastroenterology and the American Society for Gastrointestinal Endoscopy recommended that the withdrawal time for examining the mucosa should be at least 6 minutes.