1) Any reduction in funds maintained in a deposit account or mutual fund. 2) Funds of a proprietorship or a partnership that are directly removed from the firm by the proprietor or partners. These are distributions distinct from salary, commission, bonus, or rent payments paid to proprietors or partners.
If a student withdraws from school, they may have to return some of the financial aid funds they received. A school's financial aid administrator can explain the formula used to calculate the amount of financial aid earned and the amount that needs to be returned, if any.