automatic withdrawal investment & finance definition
A type of mutual fund that lets shareholders
receive a fixed payment from dividends on a monthly or quarterly basis.
See automatic withdrawal in Wall Street Words
A feature of some mutual funds that allows a shareholder to specify that the fund remit fixed payments at periodic intervals. The payments are composed of dividends, interest, and capital gains received by the fund, and, if these are insufficient, liquidation of some shares owned by the shareholder.
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