Drawdown

Drawdown,

Definition of Drawdown:

  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 lenders perspective, it is a takedown.

How to use Drawdown in a sentence?

  1. You need to know how the drawdown may effect your product and what you need to do to prevent against it.
  2. I asked him for a drawdown because I did not have any more money in my bank account and I really needed money badly.
  3. 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