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Automatic withdrawal |
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Automatic withdrawalA mutual fund that gives shareholders the right to receive a fixed payment from dividends on a quarterly or monthly basis.Automatic withdrawal Similar MatchesDay of deposit to day of withdrawal accountDay of deposit to day of withdrawal accountA bank account that pays interest according to the number of days that the money is actually on deposit. Early withdrawalEarly withdrawalSee: Premature distribution Negotiable order of withdrawal (NOW)Negotiable order of withdrawal (NOW)Demand deposits that pay interest. In service withdrawalIn service withdrawalA participant-initiated withdrawal from an employer-sponsored retirement plan while the participant is still employed by the company. Systematic withdrawal planSystematic withdrawal planA provision of certain mutual funds to pay out to the shareholder specified amounts after specified periods of time. Further SuggestionsNegotiable Order of Withdrawal Account (NOW)Early withdrawal penalty early withdrawal penalty |
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