withdraw - definition in the Business English Dictionary - Cambridge Dictionaries Online

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English definition of “withdraw”

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withdraw

verb
 
 
/wɪðˈdrɔː/ (withdrew, withdrawn)
[T] BANKING to take money out of an account: This account allows you to withdraw a maximum daily amount of $500.withdraw cash/funds/savings The economic crisis saw people queuing to withdraw their savings.
[T] COMMERCE to stop selling a product or offering a service, usually because of a problem or fault: The product was withdrawn from the market on safety grounds. The brewery said there was no connection between their decision to withdraw one of their local beers and the dispute with their main competitor.
[T] to remove something that you previously agreed to provide: withdraw funding/support The opposition threatened to withdraw support for the government's pension plans.withdraw an application/bid/offer Morgan Stanley withdrew the job offer.
[I] to stop being involved in a situation, having a particular responsibility, or belonging to an organization: withdraw from (doing) sth Despite the stock market crash, only one corporate investor has withdrawn from the deal.withdraw as sth He withdrew as a candidate for the Democratic presidential nomination.
[T] to tell people officially that something you said earlier is not true or correct: withdraw a remark/claim/statement She was advised to withdraw her statement. The Foreign Office withdrew advice to holidaymakers not to travel to some areas in the Far East. withdraw an accusation/allegation/complaint
(Definition of withdraw from the Cambridge Business English Dictionary © Cambridge University Press)
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