Drawdown

Quick meaning: Drawdown is a noun meaning The act of reduction or depletion (including through withdrawal or utilization).

Meaning

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

More Meanings

1. The result of reduction, utilization, or depletion.
2. (economics) (A measure of) the decline from a historical peak in some economic or financial variable.
3. (banking) The process of a bank releasing previously agreed loan amount to the borrower, hence making it available for them to use.
4. (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.

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.

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

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

Word Forms

• drawdowns

Related Words

Related dictionary entries include withdrawal, deduction, withdraw, retirement, removal, withdrawing.

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