Definition of Drawdown:
Banking: Transfer of funds from one account to another on the instructions of an account holder.
Borrowing: To write checks on, or withdraw funds from, a loan facility. From the lenders perspective, it is a takedown.
How to use Drawdown in a sentence?
- You need to know how the drawdown may effect your product and what you need to do to prevent against it.
- I asked him for a drawdown because I did not have any more money in my bank account and I really needed money badly.
- The drawdown was set to occur tomorrow as all the required funds were in their own account so we could proceed.
Meaning of Drawdown & Drawdown Definition