- withdraw
- withdraw with‧draw [wɪðˈdrɔː, wɪθ- ǁ -ˈdrɒː] verb withdrew PASTTENSE [-ˈdruː] withdrawn PASTPART [-ˈdrɔːn ǁ -ˈdrɒːn]
• You can withdraw cash from ATMs in any town or city.
2. [transitive] to remove something or take it back, often because of an official decision:• a government decision to withdraw funding
• They offered her the job but then withdrew the offer after checking her references.
3. [transitive] COMMERCE if a company withdraws a product or service, it stops making it available, either for a period of time or permanently:• Previous testing showed no safety problems, but the company decided to withdraw the product so the incidents could be investigated.
• The drug has been withdrawn from the market for further testing.
4. withdraw a remark/claim/accusation etc to say that something you said earlier was completely untrue:• The newspaper has agreed to withdraw its allegations.
5. [intransitive] to no longer take part in something or to no longer belong to a particular organization:withdraw as• The Bank of New York withdrew as a primary dealer of U.S. government securities.
withdraw from• His decision to withdraw from active management was a blow to the company.
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withdraw UK US /wɪðˈdrɔː/ verb (withdrew, withdrawn)► [T] BANKING to take money out of an account: »This account allows you to withdraw a maximum daily amount of $500.
withdraw cash/funds/savings »The economic crisis saw people queuing to withdraw their savings.
► [T] COMMERCE to stop selling a product or offering a service, usually because of a problem or fault: »The product was withdrawn from the market on safety grounds.
»The brewery said there was no connection between their decision to withdraw one of their local beers and the dispute with their main competitor.
► [T] to remove something that you previously agreed to provide: withdraw funding/support »The opposition threatened to withdraw support for the government's pension plans.
withdraw an application/bid/offer »Morgan Stanley withdrew the job offer.
► [I] to stop being involved in a situation, having a particular responsibility, or belonging to an organization: withdraw from (doing) sth »Despite the stock market crash, only one corporate investor has withdrawn from the deal.
withdraw as sth »He withdrew as a candidate for the Democratic presidential nomination.
► [T] to tell people officially that something you said earlier is not true or correct: withdraw a remark/claim/statement »She was advised to withdraw her statement.
»The Foreign Office withdrew advice to holidaymakers not to travel to some areas in the Far East.
»withdraw an accusation/allegation/complaint
Financial and business terms. 2012.