The most common and most likely answer to this crossword clue is the 8 letter word RETRACTS
I've seen this crossword clue in The Times
R
E
T
R
A
C
T
S
More clues leading to the result RETRACTS
Buddy explains!
The straight part
We know that "Withdraws" is the straight/definition part of the clue. The straight part is often a synonym or definition, in this case withdraws = retracts.The cryptic/wordplay part
In cryptic crossword there's often an wordplay/cryptic part as well.This part involves a more complex hint, such as an anagram, homophone, hidden word, etc.
Sadly, We don't have an explanation for this specific crossword clue yet.
What does RETRACTS mean?
RETRACTS verb- To pull back inside.
- To draw back; to draw up.
- To take back or withdraw something one has said.
- To take back, as a grant or favour previously bestowed; to revoke.