Automatic Withdrawal

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mutual fund program that entitles shareholders to a fixed payment each month or each quarter. The payment comes from dividends, including realized capital gains and income on securities held by the fund.

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Barron's Business Dictionary:

Automatic Withdrawal

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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. Long-term capital gains are distributed annually when realized.

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