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What is withdrawing money?
Withdrawing money is to take the money out. Say, you are at a bank. You may want to take out money from your bank savings to spend. That is called a withdraw.
Many depositors withdrawing money at once?
bank run
Definition of a drawdown loan?
Loan draw down is withdrawing the money as in the disbursement of the loan.
Are there any penalties for withdrawing money from a Certificate of deposit before the end of its fixed term?
Yes!
Why does your ATM receipt say transaction not allowed?
either not enough money in the account or withdrawing over the allowed daily limit
What is withdrawing money?
Withdrawing money is to take the money out. Say, you are at a bank. You may want to take out money from your bank savings to spend. That is called a withdraw.
Is withdrawing money from an ATM an example of batch processing?
No, withdrawing money from an ATM is an example of Real-Time Processing as you are taking money out/putting in at that moment.
Does withdrawing money from an ATM show the location of where you withdrew the money at?
Yes.
Many depositors withdrawing money at once?
bank run
The process of removing material from the bank is called?
This process is called money withdrawing.
What is the meaning of withdrawal slip?
a document that must be filled before withdrawing money from the bank
Definition of a drawdown loan?
Loan draw down is withdrawing the money as in the disbursement of the loan.
What is institutional banking?
Institutional banking refers to the institution's depositing or withdrawing money in a bank.
Are there any penalties for withdrawing money from a Certificate of deposit before the end of its fixed term?
Yes!
What does drop a class mean?
You will get a "W" on your transcript. It was also a waste of time and money.
Is there any way to avoid getting an early withdrawal penalty from a certificate of deposit?
If it has a call option that is excercised No, there is no way of avoiding penalties for withdrawing your money early from a Certificate of Deposit. Therefore, if you are uncertain whether you will be able to hold off on withdrawing early, it is best to put your money in a Money Market account.
Are you taxed when you withdraw money from a mutual fund?
Yes you are taxed when withdrawing money from a mutual fund. Your current tax rate would apply.
