early withdrawal penalty

early withdrawal penalty
Penalty paid by the holder of a fixed-term investment penalizing an investor who withdraws money before the agreed-upon maturity date. Bloomberg Financial Dictionary

Financial and business terms. 2012.

Игры ⚽ Поможем написать курсовую

Look at other dictionaries:

  • early withdrawal penalty — /ˌɜ:li wɪð drɔ:əl ˌpenəlti/ noun a penalty which a depositor pays for withdrawing money early from an account …   Dictionary of banking and finance

  • Withdrawal Penalty — Refers to any penalty incurred by an individual for early withdrawal from an account that is either locked in for a stated period, as in a time deposit at a financial institution, or where such withdrawals are subject to penalties by law, such as …   Investment dictionary

  • early withdrawal — /ˌɜ:li wɪð drɔ:əl/ noun the act of withdrawing money from a deposit account before the due date ● Early withdrawal usually incurs a penalty …   Dictionary of banking and finance

  • withdrawal — with·draw·al n 1: the act or fact of withdrawing withdrawal from a conspiracy 2: removal of money from a place of deposit or investment a penalty for early withdrawal Merriam Webster’s Dictionary of Law. Merriam Webster. 1996 …   Law dictionary

  • penalty — pen‧al‧ty [ˈpenlti] noun penalties PLURALFORM [countable] 1. a punishment for breaking a law or rule: penalty for • There will be increased penalties for dumping oil at sea. • The offence carries a maximum …   Financial and business terms

  • Hardship Withdrawal — An emergency withdrawal from a retirement plan that may be subject to certain tax or account penalties. In the United States, funds withdrawn prior to the age of 59.5 are typically subject to a 10% Internal Revenue Service (IRS) early withdrawal… …   Investment dictionary

  • Certificate of deposit — This article is specific to the United States. For a more general article, see Time deposit. Banking in the United States Monetary policy The Federal Reserve System Regulation Lending Credit card Deposit accounts Savings account Checking account …   Wikipedia

  • Fixed Amortization Method — One of three methods by which early retirees of any age can access their retirement funds without penalty before turning 50.5. The fixed amortization method amortizes the retiree s account balance over his/her remaining life expectancy as… …   Investment dictionary

  • Fixed Annuitization Method — One of three methods by which early retirees of any age can access their retirement funds without penalty before turning 50.5. The fixed annuitization method divides the retiree s account balance by an annuity factor taken from IRS tables to… …   Investment dictionary

  • Required Minimum Distribution Method — One of three methods by which early retirees of any age can access their retirement funds without penalty before turning 59 ½. Normally, funds withdrawn before age 59 ½ are assessed a 10% early withdrawal penalty. Funds must be… …   Investment dictionary

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”