withdrawal Meaning in Cambridge Business English Dictionary
Cambridge Dictionaries online Cambridge Dictionaries online

The most popular online dictionary and thesaurus for learners of English

Meaning of "withdrawal" - Business English Dictionary

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
dole

the money that the government gives to people who are unemployed

Word of the Day

Are you a glass-half-full person? (Everyday Idioms)
Are you a glass-half-full person? (Everyday Idioms)
by Kate Woodford,
July 29, 2015
A reader of this blog recently asked for a post on idioms that are used in everyday English. This seemed like a reasonable request. After all, if you are going to make the effort to learn a set of English idioms, you want those idioms to be useful. The question, then, was

Read More 

responsible luxury noun
responsible luxury noun
August 03, 2015
high-end, green tourism and hospitality Jumeirah’s ‘responsible luxury’ approach is an example of a sustainable travel experience – future guests will enjoy the environment as much as today’s.

Read More