Terms Beginning With 'w'

Withdrawal

  • January 11, 2020
  • Team Kalkine

The act of removing funds from one’s savings plan, bank account, pension or trust is referred to as withdrawal. It can occur over a period of time in fixed, variable or lump sum amounts. There are cases wherein a few conditions must be met to withdraw funds. If a withdrawal is made without these conditions met, penalties might follow.

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