TERMIUM Plus®

The Government of Canada’s terminology and linguistic data bank.

AUTOMATIC WITHDRAWAL PLAN [1 record]

Record 1 2014-06-04

English

Subject field(s)
  • Stock Exchange
  • Investment
DEF

A plan that automatically redeems mutual fund units from an investors account at predetermined intervals and amounts, e.g. $500 of units could be redeemed once every month and deposited directly into the investor's bank account, or sent to their address via a cheque.

French

Domaine(s)
  • Bourse
  • Investissements et placements
CONT

Encaissez chaque mois une portion fixe de vos parts de fonds communs de placement grâce au plan de retraits systématiques (PRS) de TD Waterhouse.

Spanish

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