early-withdrawal penalty

early-withdrawal penalty definition - business

early-withdrawal penalty

The fee assessed when a saver withdraws funds from a fixed-term investment prior to the scheduled maturity. The charge for early withdrawal is permitted as an adjustment in calculating taxable income.

The American Heritage® Dictionary of Business Terms Copyright © 2009 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

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