drawdown

(redirected from Draw Downs)
Also found in: Dictionary, Financial, Encyclopedia.

drawdown

where the provisions of a loan agreement provide for the amount of the loan to be advanced in tranches (rather than as one single advance) the process through which this is achieved is drawdown, with the relevant provisions governing the process known as drawdown clauses.
References in classic literature ?
Would you, then, have us draw down our ships into the water while the battle is raging, and thus play further into the hands of the conquering Trojans?
"Draw down the blind, Jim," whispered my mother; "they might come and watch outside.
Never, even in the company of his dear friends at Netherfield, or his dignified relations at Rosings, had she seen him so desirous to please, so free from self-consequence or unbending reserve, as now, when no importance could result from the success of his endeavours, and when even the acquaintance of those to whom his attentions were addressed would draw down the ridicule and censure of the ladies both of Netherfield as Rosings.