cash-withdrawal

Vocabulary Word

Definition

'Cash withdrawal' is when you take out money from your bank account. Like using an ATM to get money for shopping.

Examples in Different Contexts

In banking services, 'cash withdrawal' refers to the process of taking money out of a bank account. A bank teller might say, 'You can perform a cash withdrawal at any of our ATMs or branches nationwide.'

Practice Scenarios

Tech

Scenario:

Our new payment gateway seems to be experiencing some glitches. Users are experiencing delays with transactions.

Response:

Let's reset the transaction guidelines to ensure seamless cash withdrawals until we resolve the issue.

Academics

Scenario:

Research suggests a correlation between disposable income and spending habits. We need to look deeper into this conduct around the holiday season.

Response:

It would be interesting to study the variation in cash withdrawal behavior during the festive period and its economic implications.