👉 Rewithdraw is a legal term in the context of financial transactions, specifically where an account holder wants to withdraw funds from their bank account. The purpose of this transaction is to clear any outstanding charges or fees associated with the account or to ensure that there are no unauthorized charges left on the account. Rewithdrawals are typically made by contacting the bank and requesting a withdrawal from the account balance.
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What is the definition of Rewithdrawal? 🙋
👉 Rewithdrawal is a financial term that refers to the process of making a withdrawal from an existing account, typically for a business purpose. This means that the amount withdrawn will be less than the original deposit made, and it will not count towards the balance in your account. Rewithdrawals are often used when you have invested money into a business venture or have received payments from customers, but you want to reduce your financial obligations.
