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English definition of “withdraw”

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verb     /wɪðˈdrɔː/ (withdrew, withdrawn)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[T] COMMERCE to stop selling a product or offering a service , usually because of a problem or fault : The product was withdrawn from the market on safety grounds .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to an organization : withdraw from (doing) sth Despite the stock market crash , only one corporate investor has withdrawn from the deal .withdraw as sth He withdrew as a candidate for the Democratic presidential nomination .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 verb from the Cambridge Business English Dictionary © Cambridge University Press)
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