Cambridge Dictionaries online Cambridge Dictionaries online

The most popular online dictionary and thesaurus for learners of English

English definition of “withdrawal”

See all translations

withdrawal

noun [C or U]
 
 
/wɪðˈdrɔːəl/
BANKING, FINANCE the act of taking money out of an account, or the amount of money taken: The savings account only allows you to make three withdrawals a year. There's a cash withdrawal limit of €500 per day. There are large early withdrawal penalties attached to this mortgage. →  Compare deposit noun
[U] the act of stopping something from happening or being available: withdrawal of sth The withdrawal of corporate sponsorship had a damaging impact on the company's performance. withdrawal of an offer/support
[U] COMMERCE the process of removing a product from the market, either temporarily or permanently, because there is a problem with it: The company is still struggling to rebuild its image following the withdrawal of its new cancer drug on safety grounds. The cost of the product withdrawal was estimated at over $10 million.
[U] the state of no longer being involved in something: withdrawal from sth The scandal led to her withdrawal from politics.
[U] the act of officially changing something you previously said: withdrawal of an allegation/statement/complaint
→  See also in-service withdrawal
(Definition of withdrawal from the Cambridge Business English Dictionary © Cambridge University Press)
What is the pronunciation of withdrawal?
Add Cambridge dictionaries to your browser to your website

More Business English definitions for “withdrawal”

Definitions of “withdrawal” in other dictionaries

Word of the Day

glacial

made or left by a glacier

Word of the Day

Let’s celebrate! (words and phrases for parties)

by Kate Woodford,
December 17, 2014
​​​ With Christmas and New Year almost upon us, we thought it a good time to look at the language of parties and celebrations. First, let’s start with the word ‘party’ itself. To have or throw a party or, less commonly, to give a party is to arrange a party: We’re having a

Read More 

cinderella surgery noun

December 15, 2014
cosmetic surgery to the feet We have all heard of people having nose jobs, boob jobs and liposuction – but now a new trend growing in popularity in America: Cinderella surgery.

Read More