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.

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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.

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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.

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automatic investment plan systematic investment plan