Withdrawal

Removing funds from an account, plan, pension or trust. In some cases, conditions must be met in order to withdraw funds without penalization. There are two ways to withdraw money: in cash or in kind.

Investopedia Says:
Withdrawal can be done over a period of time in fixed or variable amounts or in one lump sum. Penalization for early withdrawal usually arises when a clause in an investment contract is broken. Cash withdrawal requires converting the holdings of an account, plan, pension or trust into cash, usually through a sale. In kind withdrawal is simply taking possession of assets and does not require conversion to cash.

Related Links:
Make sure you understand your options for withdrawing your funds from this complex instrument. Selecting The Payout On Your Annuity
If you need to take early distributions, learn under which circumstances you won't suffer expensive consequences. Taking Penalty-Free Withdrawals From Your IRA

1. Taking funds out of a deposit account by writing a Check, Draft or withdrawal slip in the case of a time deposit or savings deposit. Certain time deposits and certificates of deposit require a Notice of Withdrawal before funds are withdrawn in cash or transferred to another account. These may also be subject to an Early Withdrawal Penalty or forfeiture of interest. See also Regulation Q.

2. Substituting new collateral securing a Collateral Loan, allowing the borrower to take back the original collateral pledged.