drawdown

  

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.

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

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

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