Automatic withdrawal

Automatic Withdrawal
Automatic Withdrawal definition :
A mutual fund that gives shareholders the right to receive a fixed payment from dividends on a quarterly or monthly basis.
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automatic withdrawal
mutual fund program that allows shareholders to receive a fixed payment each month or each quarter. The payment comes from dividends, including short-term capital gains, and income on securities held by the fund.

AUTOMATIC WITHDRAWAL - A mutual fund that gives shareholders the right to receive a fixed payment from ...
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Automatic Withdrawal
A program offered by a mutual fund to its shareholders. It enables shareholders to withdraw a fixed amount of money on a monthly or quarterly basis.

AUTOMATIC WITHDRAWAL A shareholder service that entitles an investor to fixed payments, every month or quarter. The payment comes from the dividends, income and/or realized capital gains on securities held by the fund.

Set up a monthly automatic withdrawal from your checking account to your savings account.
Keep the change. Some banks have rewards programs to encourage saving. Look out for options at your financial institution.

Similar financial terms
Automatic withdrawal
A mutual fund that gives shareholders the right, but not the obligation, to receive a fixed payment from dividends on a quarterly or monthly basis.

From this total amount, automatic withdrawals, checks outstanding, checks negotiated, and account charges are subtracted. When the resulting balance equals the ending balance on the account statement, the account is reconciled.

Preauthorized transfer plan
Investment plan that authorizes automatic withdrawals from a bank account.

This includes the use of debit cards, automated teller machines and automatic withdrawals from a bank account. The act also provides a means of correcting transaction errors and limits the liability from any losses due to a lost or stolen card.

Withdrawals will often trigger tax consequences, either on the earnings portion of the withdrawal or on the entire amount. Some accounts can be set up for automatic withdrawals at regular intervals (e.g., monthly, quarterly, annually).

A depositor's saving account from which funds may be transferred automatically to the same depositor's checking account to cover a check written or to maintain a minimum balance.
Automatic withdrawal ...

systematic withdrawal plan (SWP) An automatic withdrawal program in which a shareholder receives regular payments, usually monthly, quarterly, semiannually, or annually, from a mutual fund account or retirement plan.

automatic withdrawal A mutual fund program that fixes payments to shareholders each month or each... autoregressive Predicting future data using past information. Making use of technical analysis,...

See also: Saving, Banks, Bills, Expense, Values