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withdrawing

Meanings

  • The act of taking money or other assets out of a bank account or other financial institution.

    - "John withdrew $200 from his savings account."
    - "The business owner withdrew a large sum of money from the company's account."
Synonyms

recant , unsay
Rhymes
Words rhyming with withdrawing
dying , lying , spying , tying
Homophones
Words having the same pronunciation but different meanings, origins, or spelling,

  1. withdraw () : The act of taking money or other assets out of a bank account or other financial institution.

  2. withdrawal () : The process of removing something, especially a drug, from the body.

  3. withdraw (English (Australian)) : To remove (a person) from a competition or event.

  4. withdraw (Scottish Gaelic) : To take away, remove.

Variants
List of all variants of withdrawing that leads to same result
withdraw , withdrawable , withdrawing , withdrawn , withdraws , withdrew , withdrawing room , withdrawing rooms
Forms
Different forms of the word (e.g., verb conjugations, plural forms, comparative/superlative forms for adjectives).

withdrawal, withdrawals, withdrew, withdrews, withdrawing, withdrawings

Etymology
origin and the way in which meanings have changed throughout history.

The word 'withdrawing' is derived from the Old English word 'withdrawan', which means 'to take out, withdraw'. The present participle 'withdrawing' is used to describe the ongoing act of withdrawing money or other assets.

Trivia
Any details, considerations, events or pieces of information regarding the word

  1. Did you know that the first recorded use of an automated teller machine (ATM) was in London, England, on June 27, 1967? Did you know that the largest cash withdrawal from an ATM was made in Moscow, Russia, on November 21, 2001, when a Russian man withdrew a total of $1.3 million from various ATMs around the city? Did you know that in some countries, such as Japan, it is considered impolite or even rude to withdraw large amounts of cash from an ATM in public, as it is perceived as an embarrassing display of wealth? Did you know that in some countries, such as the United States, it is possible to withdraw more than the maximum daily cash withdrawal limit from an ATM by using a strategy called 'ATM running', which involves making multiple cash withdrawals from an ATM within a short period of time, typically less than an hour, while the ATM is still dispensing cash. This strategy allows individuals to withdraw more cash than the daily withdrawal limit allows, effectively 'running' the ATM out of cash. However, it is important to note that using this strategy is generally considered to be unethical or even illegal in some jurisdictions, as it can place undue strain on the ATM network and potentially disrupt the financial stability of the affected institutions. As such, it is generally recommended that individuals avoid using this strategy and instead adhere to the daily withdrawal limits set by their financial institutions.

Related Concepts
informations on related concepts or terms closely associated with the word. Discuss semantic fields or domains that the word belongs to

  1. Deposit: The act of placing money or other valuable assets into a financial institution or other entity for safekeeping or investment purposes.

  2. Withdrawal fee: A charge levied by a financial institution or other entity for allowing a customer to withdraw funds from their account.

  3. Automated Teller Machine (ATM): A computerized machine that enables customers to withdraw cash and perform other financial transactions using their debit or credit card.

  4. Electronic Funds Transfer (EFT): An electronic payment system that enables the transfer of funds between two parties, typically through the use of a computer or other electronic device.

Culture
Any cultural, historical, or symbolic significance of the word. Explore how the word has been used in literature, art, music, or other forms of expression.

The act of withdrawing money or other assets from a financial institution or other entity has been a common practice throughout history. Withdrawing money has been used for various purposes, including making purchases, paying bills, saving for emergencies, and even as a form of investment. Withdrawing money has also been used as a symbol of wealth, success, and financial security. In literature, art, music, and other forms of expression, withdrawing money has been depicted in various ways, reflecting the diverse cultural, historical, and symbolic significance of the act of withdrawing money or other assets from a financial institution or other entity.

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