Definitions (2)

1.Banking: Transfer of funds from one account to another on the instructions of an account holder.
2.Borrowing: To write checks on, or withdraw funds from, a loan facility. From the lender's perspective, it is a takedown.

Use drawdown in a sentence

  • The drawdown was set to occur tomorrow as all the required funds were in their own account so we could proceed.

    19 people found this helpful
  • You need to know how the drawdown may effect your product and what you need to do to prevent against it.

    18 people found this helpful
  • I asked him for a drawdown because I did not have any more money in my bank account and I really needed money badly.

    17 people found this helpful
Show more usage examples...


Browse by Letter: # A B C D E F G H I J K L M N O P Q R S T U V W X Y Z