Withdrawable Meaning: Definition, Examples, and Translations
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withdrawable
[wษชรฐหdrรกwษbl ]
Definition
banking term
The term 'withdrawable' refers to funds or balances that can be removed or taken out from an account. This generally applies to savings accounts, checking accounts, or other financial instruments where the holder has the right to access their money. Withdrawable funds can be obtained through various means, including ATM withdrawals, checks, or bank transfers. Understanding which funds are withdrawable is crucial for account management and financial planning.
Synonyms
accessible, extracted, removable.
Examples of usage
- The additional deposits are not withdrawable until the end of the term.
- Make sure your balance is sufficient for withdrawable amounts.
- Only a portion of the investment is withdrawable at this time.
Translations
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Interesting Facts
Finance
- In banking, 'withdrawable' typically refers to funds that can be taken out from an account without restrictions.
- Many savings accounts have a limit on how much money is withdrawable within a certain period, such as a month.
- The concept of being able to withdraw funds is essential for managing personal finances and liquidity.
Legal
- In legal terms, agreements may include clauses about withdrawable offers or contracts, allowing parties to change their minds.
- The concept of withdrawable consent is crucial in discussions about contracts and interpersonal agreements.
- Certain investments may have stipulations that define what amounts are withdrawable and under what conditions.
Technology
- In the digital realm, 'withdrawable' can refer to digital assets that users can remove or transfer from a platform.
- Some online payment systems allow users to make withdrawable transactions to control their funds actively.
- Blockchain technology has introduced new concepts of withdrawable assets in cryptocurrency, where users can manage their holdings.
Psychology
- The concept of withdrawable resources can sometimes relate to stress management, suggesting people can 'withdraw' from stressful situations.
- In therapy, discussions about withdrawable feelings might involve understanding how individuals cope with emotions in relationships.
- The ability to withdraw or take a step back can signify healthy emotional boundaries in psychology.
Origin of 'withdrawable'
Main points about word origin
- The word 'withdrawable' is derived from the verb 'withdraw,' which means to take back.
- It combines the prefix 'with-' (denoting apart) and 'draw' (to pull), along with the suffix '-able' meaning 'capable of.'
- The use of 'withdrawable' dates back to the late 19th century, originally relating to financial contexts.
The word 'withdrawable' is derived from the verb 'withdraw', which comes from the Old English 'withdragan', meaning to pull back or take away. This Old English root is composed of 'with', meaning 'against', and 'dragan', meaning 'to drag'. Over time, the verb evolved into the modern form we use today. The suffix '-able' is added to form an adjective, indicating the capability of being withdrawn. The term has become increasingly relevant in financial contexts, especially with the rise of digital banking and online transactions, where consumers frequently assess the status of their funds and the conditions surrounding their withdrawability.