withdrawal plan

withdrawal plan definition - business

withdrawal plan

An option offered by some open-end investment companies whereby an investor can receive payments at regular intervals. Withdrawal plans are generally used by people who wish to use their accumulated funds for retirement purposes. Also called systematic withdrawal plan.

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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