drawdown

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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 periodicals archive ?
Furthermore, FSL has averaged sufficient MADS coverage of 1.6x over the last three fiscal years which incorporates the full draw-down of the series 2013A bonds.
Circumstances where the MPAA does not apply include "small pot" payments, withdrawing the 25% tax-free lump sum, taking income within capped draw-down limits and annuity purchase.
Philip Hammond said although there were still details to be worked out, planning is now "within the context of the draw-down".
This is the second draw-down by Provexis since the announcement of the facility.
Much has been made of President Obama's announcement that he will begin a US troop draw-down from Afghanistan in July 2011.
President Obama is in El Paso today, visiting Fort Bliss before tonight's White House address on the draw-down in Iraq.
Ceding control over entry points is part of the US draw-down, which will see troop numbers in Iraq cut from about 70,000 today to 50,000 by the end of August, ahead of a full withdrawal planned for 2012.
0%--Manage portfolio distributions and withdrawals in the draw-down phase
The cost of tapping rainy-day funds, over time, likely would exceed the amount of the draw-down.
It will be the smallest end strength since the post-World War II draw-down, he said.
Little Joe Industries offers the ADM Automatic Draw-Down Machine for use with grind gages.