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 ?
Higher than average rates apply to new draw-downs by SMEs engaged in the agriculture and wholesale/retail; sectors that typically secure the largest shares of new lending.
The cost of tapping rainy-day funds, over time, likely would exceed the amount of the draw-down.
A model is introduced explaining the rubber elastic behavior of sPP fibers with high draw-downs.