automatic withdrawal
Definition
An arrangement in which a mutual fund investor chooses to receive periodic, fixed payments from his/her fund holdings.
Use this term in a sentence
“ I received an automatic withdrawal and thought it was cool cause I did not have to do anything in order to make it happen. ”
“ My spouse and I took a look at our options and opted for an automatic withdrawal, as it seemed to meet our needs the best at the time. ”
“ Consumers with a regular source of income (employment) may be interested in automatic withdrawal at the beginning, middle or end of each investment period in order to supplement their income. ”
