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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 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. 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. Early withdrawalEarly withdrawalSee: Premature distribution 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)Negotiable order of withdrawal (NOW) |
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