In plain English
This is an ask for funds to be moved out from a place where money is held. The money is intended to leave that account or fund and be paid out.
In context
In the confirmation message, it identifies the submitted request for money to be taken out of the account or fund and paid out.
- Situation
- Sending transfers, receiving payouts, withdrawing funds, and reading wallet balances
- What it communicates
- Identifies the submitted withdrawal in a confirmation message.
Meaning limits
The term itself does not show whether the money has actually left the account or been paid out yet.
Examples
“She submitted a withdrawal request for $300 from the travel fund, but the money had not been paid out by evening.”
“The confirmation message identifies your withdrawal request by the amount and submission time.”