meaning of cash withdrawals

cash withdrawals meaning in Law Dictionary

using cash from an insurance policy or benefit, decreasing the money offered as a death benefit by the amount withdrawn plus interest. This may imply forfeiture of purchased benefits by the staff member in an employer-purchased advantage.

cash withdrawals meaning in Business Dictionary

Removing money from a policy or a member of staff advantage program. This reduces the sum total demise advantage because of the level of the cash withdrawal plus interest. Regarding an employee advantage program, a withdrawal may imply forfeiture of employer-purchased benefits.