withdrawal
noun [ C or U ]
uk/wɪðˈdrɔːəl/ us BANKING, FINANCE
the act of taking money out of an account, or the amount of money taken:
The savings account only allows you to make three withdrawals a year.
There's a cash withdrawal limit of €500 per day.
There are large early withdrawal penalties attached to this mortgage.
Compare
deposit noun
[ U ]
the act of stopping something from happening or being available:
withdrawal of sth The withdrawal of corporate sponsorship had a damaging impact on the company's performance.
withdrawal of an offer/support
[ U ] COMMERCE
the process of removing a product from the market, either temporarily or permanently, because there is a problem with it:
The company is still struggling to rebuild its image following the withdrawal of its new cancer drug on safety grounds.
The cost of the product withdrawal was estimated at over $10 million.
[ U ]
the state of no longer being involved in something:
withdrawal from sth The scandal led to her withdrawal from politics.
[ U ]
the act of officially changing something you previously said:
withdrawal of an allegation/statement/complaint
See also
in-service withdrawal