You may be able to avoid an early withdraw penalty in certain circumstances. Although money in a traditional IRA is meant to be preserved for retirement, the government does allow workers to tap into the fund, without penalty, for certain purposes.
exam. An exam or examination is an official test that shows your knowledge or ability in a particular subject. Exam is the word most commonly used. Examination is more formal and is used mainly in written English. I was told the exam was difficult.
DEFINITION of 'Graduate Record Examination-GRE'. A standardized exam used to measure one's aptitude for abstract thinking in the areas of analytical writing, mathematics and vocabulary. The GRE is commonly used by many graduate schools to determine an applicant's eligibility for the program. The GRE is only offered via computer, however in areas which lack the appropriate computer networks, a paper-based exam may be given. Next Up.