withdrawal


withdrawal
withdrawal with‧draw‧al [wɪDˈdrɔːəl, wɪθ- ǁ -ˈdrɒːəl-] noun
1. [countable, uncountable] BANKING the act of taking money from a bank account, or the amount you take out:
withdrawal of

• There are penalties for the early withdrawal of savings.

cash withdrawals from ATMs

2. [uncountable] the removal or stopping of something such as support, an offer, or a service:
withdrawal of

• the withdrawal of government aid

3. [countable, uncountable] also product withdrawal COMMERCE when a product is made no longer available, either for a period of time or permanently:

• The Environmental Health Services will be aware of a product withdrawal of the company's bottled still water.

4. [uncountable] when someone no longer takes part in an activity or is no longer a member of an organization:
withdrawal from

• Poor profits resulted in the company's withdrawal from its computer games and entertainment business.

5. [uncountable] when you say that something you previously said was in fact untrue:
withdrawal of

• The case ended with the complete withdrawal of allegations against the detainees held without trial.

* * *

withdrawal UK US /wɪðˈdrɔːəl/ noun [C or U]
BANKING, FINANCE the act of taking money out of an account, or the amount of money taken: »

The savings account only allows you to make three withdrawals a year.

»

There's a cash withdrawal limit of €500 per day.

»

There are large early withdrawal penalties attached to this mortgage.

Compare DEPOSIT(Cf. deposit) noun
[U] the act of stopping something from happening or being available: withdrawal of sth »

The withdrawal of corporate sponsorship had a damaging impact on the company's performance.

»

withdrawal of an offer/support

[U] COMMERCE the process of removing a product from the market, either temporarily or permanently, because there is a problem with it: »

The company is still struggling to rebuild its image following the withdrawal of its new cancer drug on safety grounds.

»

The cost of the product withdrawal was estimated at over $10 million.

[U] the state of no longer being involved in something: withdrawal from sth »

The scandal led to her withdrawal from politics.

[U] the act of officially changing something you previously said: »

withdrawal of an allegation/statement/complaint

See also IN-SERVICE WITHDRAWAL(Cf. ↑in-service withdrawal)

Financial and business terms. 2012.

Synonyms:

Look at other dictionaries:

  • withdrawal — 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 …   Law dictionary

  • withdrawal — (n.) 1820s, act of taking back, also retraction of a statement, from WITHDRAW (Cf. withdraw) + AL (Cf. al) (2). Earlier words in the same sense were withdrawment (1640s); withdraught (mid 14c.). Meaning removal of money from a bank, etc. is from… …   Etymology dictionary

  • withdrawal — [with drôl′mənt, with drôl′məntwithdrô′əl, withdrô′əl] n. 1. the act of withdrawing 2. the act or process of giving up the use of a narcotic drug to which one has become addicted, typically accompanied by distressing physiological and mental… …   English World dictionary

  • Withdrawal — With*draw al, n. The act of withdrawing; withdrawment; retreat; retraction. Fielding. [1913 Webster] …   The Collaborative International Dictionary of English

  • withdrawal — [n] removal; retraction abandonment, abdication, abjuration, alienation, departure, disavowal, disclaimer, disengagement, egress, egression, exit, exiting, exodus, extraction, marooning, palinode, recall, recantation, relinquishment, repudiation …   New thesaurus

  • withdrawal — ► NOUN 1) the action or an act of withdrawing. 2) the process of ceasing to take an addictive drug …   English terms dictionary

  • Withdrawal — For other uses, see Withdrawal (disambiguation). Withdrawal Classification and external resources ICD 10 F10.3 F19.3 ICD …   Wikipedia

  • withdrawal — noun 1 removing/leaving ADJECTIVE ▪ eventual, imminent ▪ abrupt, immediate, precipitous (esp. AmE), rapid, sudden ▪ gradual …   Collocations dictionary

  • withdrawal — n. removal of funds 1) to make a withdrawal 2) mass withdrawals 3) a withdrawal from (a withdrawal from an account) retreat (often mil.) 4) to carry out, make a withdrawal 5) to complete a withdrawal 6) an orderly; precipitate; strategic;… …   Combinatory dictionary

  • withdrawal — [[t]wɪðdrɔ͟ːəl[/t]] ♦♦♦ withdrawals 1) N VAR: usu N of n The withdrawal of something is the act or process of removing it, or ending it. [FORMAL] ...withdrawal of friendship... If you experience any unusual symptoms after withdrawal of the… …   English dictionary