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Early withdrawal penalty |
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Early withdrawal penaltyPenalty paid by the holder of a fixed-term investment penalizing an investor who withdraws money before the agreed-upon maturity date.Early withdrawal penaltyA charge imposed on holders of fixed term investments in the event of withdrawal prior to maturity.Similar MatchesNegotiable 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. Automatic withdrawalAutomatic withdrawalA mutual fund that gives shareholders the right to receive a fixed payment from dividends on a quarterly or monthly basis. Day 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. Systematic withdrawal planSystematic withdrawal planA provision of certain mutual funds to pay out to the shareholder specified amounts after specified periods of time. Further SuggestionsEarly withdrawalNegotiable Order of Withdrawal Account (NOW) |
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