withdrawal plan

noun

UK /wɪðˈdrɔːəl plæn/

US /wɪðˈdrɔːəl plæn/

A withdrawal plan is a plan for taking money out of a bank or savings account.

Grandma made a withdrawal plan so she could take out a little money each month.

SYNONYMS

cash-out plan payout plan money-taking plan savings plan

RELATED WORDS

withdraw withdrawal bank account savings budget

OTHER MEANINGS

2. A plan for slowly stopping something, like a medicine or a habit.

The doctor made a withdrawal plan to help him stop the medicine safely.

3. A plan for moving soldiers or people out of a place.

The army followed a withdrawal plan to leave the camp.

4. A plan for taking something back or away.

The club had a withdrawal plan for returning borrowed books.