Definition - What does Withdrawal mean?

The term "withdrawal" is similar to a renunciation, and refers to a situation where a person leaves the conspiracy to commit a crime right before the crime is actually committed.

Withdrawal can also be defined as the act of taking back or removing funds from a bank account, or the withdrawal of a corporation from conducting business in another state.

Justipedia explains Withdrawal

The removal of funds from a pension fund, trust or any other plan is also called withdrawal. There are scenarios where certain conditions must be met in order to withdraw funds from an account. The failure to abide by these conditions may result in a penalty.

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