withdrawal penalty
1Withdrawal Penalty — Refers to any penalty incurred by an individual for early withdrawal from an account that is either locked in for a stated period, as in a time deposit at a financial institution, or where such withdrawals are subject to penalties by law, such as …
2early withdrawal penalty — Penalty paid by the holder of a fixed term investment penalizing an investor who withdraws money before the agreed upon maturity date. Bloomberg Financial Dictionary …
3early withdrawal penalty — /ˌɜ:li wɪð drɔ:əl ˌpenəlti/ noun a penalty which a depositor pays for withdrawing money early from an account …
4withdrawal — with·draw·al n 1: the act or fact of withdrawing withdrawal from a conspiracy 2: removal of money from a place of deposit or investment a penalty for early withdrawal Merriam Webster’s Dictionary of Law. Merriam Webster. 1996 …
5penalty — pen‧al‧ty [ˈpenlti] noun penalties PLURALFORM [countable] 1. a punishment for breaking a law or rule: penalty for • There will be increased penalties for dumping oil at sea. • The offence carries a maximum …
6penalty — [pen′əl tē] n. pl. penalties [LME penalyte < ML poenalitas < L poenalis: see PENAL] 1. a punishment fixed by law, as for a crime or breach of contract 2. the disadvantage, suffering, handicap, etc. imposed upon an offender or one who does… …
7withdrawal — /wɪð drɔ:əl/ noun the act of removing money from an account ● to give seven days’ notice of withdrawal ● Withdrawals from bank accounts reached a peak in the week before Christmas. ♦ withdrawal without penalty at seven days’ notice money can be… …
8penalty-free — /ˌpen(ə)lti fri:/ adjective without incurring any penalty, without losing any interest on money invested ● penalty free withdrawal …
9Hardship Withdrawal — An emergency withdrawal from a retirement plan that may be subject to certain tax or account penalties. In the United States, funds withdrawn prior to the age of 59.5 are typically subject to a 10% Internal Revenue Service (IRS) early withdrawal… …
10early withdrawal — /ˌɜ:li wɪð drɔ:əl/ noun the act of withdrawing money from a deposit account before the due date ● Early withdrawal usually incurs a penalty …
