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Penalty For Early Withdrawal of Savings
Barron's Business Dictionary:
Penalty For Early Withdrawal of Savings
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Charge by a bank or savings institution on funds withdrawn from a time deposit before maturity. This penalty is deductible by individuals as an adjustment to
gross income
.
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Copyrights:
Cite
Barron's Business Dictionary
Dictionary of Business Terms
. Copyright © 2007 by
Barron's Educational Series, Inc
. All rights reserved.
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Mentioned in
Above the Line
(business term)
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