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In service withdrawal |
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In service withdrawalA participant-initiated withdrawal from an employer-sponsored retirement plan while the participant is still employed by the company.In service withdrawal Similar MatchesNegotiable order of withdrawal (NOW)Negotiable order of withdrawal (NOW)Demand deposits that pay interest. Early withdrawal penaltyEarly withdrawal penaltyA charge imposed on holders of fixed term investments in the event of withdrawal prior to maturity. Early withdrawalEarly withdrawalSee: Premature distribution Negotiable Order of Withdrawal Account (NOW)Negotiable Order of Withdrawal Account (NOW)An interest-earning account on which chechs may be drawn. Withdrawals from NOW accounts may be offered by commerical banks, mutual savings banks, and savings and loan associations and may be owned only by individuals and certain nonprofit organizations and govermental units. Automatic withdrawalAutomatic withdrawalA mutual fund that gives shareholders the right to receive a fixed payment from dividends on a quarterly or monthly basis. Further SuggestionsDay of deposit to day of withdrawal accountSystematic withdrawal plan Early withdrawal penalty |
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