The AI-powered English dictionary
countable and uncountable, plural drawdowns
The act of reduction or depletion (including through withdrawal or utilization). quotations
This imbalance causes the buildup of inventories during the summer months when consumption is low and the drawdown of inventories during the winter months when consumption is much higher.
2011, Kenneth D. Lawrence, Ronald K. Klimberg, Advances in Business and Management Forecasting, page 32
In order to stem the drawdown of gold reserves, the new economic minister quickly arranged US$ 260 million in "swaps" from friendly Latin American central banks
2019, Miguel S. Wionczek, Luciano Tomassini, Politics And Economics Of External Debt Crisis, page 403
(US, military, law, in particular) The withdrawal of weapons, ammunition and other supplies from US stocks, and provision of it to another nation.
A lowering in water level, as in a well or a reservoir. examples
The result of reduction, utilization, or depletion. examples
(economics) (A measure of) the decline from a historical peak in some economic or financial variable. examples
(banking) The process of a bank releasing previously agreed loan amount to the borrower, hence making it available for them to use. examples
(finance) The borrowing of funds from a financial institution, under the terms of a credit agreement. quotations examples
The final lap in the drawdown of an approved loan or credit facility is the issue of an official instruction by the borrower to the lending bank.
2016, Kenny Tay, Corporate and Business Lending: Setting the Standards
The financier exercises control over drawdown of the loan against presentation of stipulated documentation evidencing fulfilment of the pre-specified event or condition
2020, Stephen A. Jones, editor, The Trade and Receivables Finance Companion, page 200
The agreement may provide for drawdown of the loan within the contract period as and when funds are required by the borrower, which part of the contract period till the last instalment is drawn is also referred to as the 'commitment period'.
1982, State Bank of India. Economic and Statistical Research Department, State Bank of India Monthly Review, volumes 21-22, page 432