Early withdrawal penalty

A penalty on money withdrawn prematurely from a fixed-term investment, such as a tax-deferred pension plan before the age of 59 1/2 in the US.

Similar financial terms

Early exercise
The exercise or assignment of an option prior to expiry.

Withdrawal plan
The ability to establish automatic periodic mutual fund redemptions and have proceeds mailed directly to the investor.

Negotiable order of withdrawal (NOW)
Demand deposits that pay interest.

Automatic withdrawal
A mutual fund that gives shareholders the right, but not the obligation, to receive a fixed payment from dividends on a quarterly or monthly basis.

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Swap reversal

An interest rate swap designed to end a counterparty's role in another interest rate swap, accomplished by counterbalancing the original swap in maturity, reference rate, and notional amount.

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