Draw down

Pronunciation varies by accent · noun

Meaning

The act of reduction or depletion (including through withdrawal or utilization)..

Definitions by Sense

1. The act of reduction or depletion (including through withdrawal or utilization).
2. The result of reduction, utilization, or depletion.
3. (economics) (A measure of) the decline from a historical peak in some economic or financial variable.
4. (banking) The process of a bank releasing previously agreed loan amount to the borrower, hence making it available for them to use.
5. (finance) The borrowing of funds from a financial institution, under the terms of a credit agreement.

Example Sentences

The government initiated a drawdown of forces in the border region.

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.

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

Despite brief hopes of a respite in tensions after Vladimir Putin’s announcement on Tuesday that there would be a “partial” drawdown of forces, some Nato countries remained sceptical about how many of the roughly 130,000 troops had really been withdrawn.

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.

The financier exercises control over drawdown of the loan against presentation of stipulated documentation evidencing fulfilment of the pre-specified event or condition

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'.

Synonyms for draw down

Antonyms for draw down

Related Words

Word Forms

• drawdowns

Usage Notes

Choose a synonym only when it preserves the intended meaning, tone, and grammar of the full sentence.

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