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.
Collins Dictionary of Law © W.J. Stewart, 2006
References in periodicals archive ?
The cost of tapping rainy-day funds, over time, likely would exceed the amount of the draw-down.
This was illustrated with draw-downs of a product that was high-speed milled for 5, 10, and 15 minutes (a common quality control test).
This enables companies to ensure, among other things, that they properly classify and recognize revenue, hold suppliers to their obligations, receive appropriate rebates and discounts, validate invoices and manage draw-downs against volume commitments.
The results of the study - along with information other researchers are gathering about the impact the turbidity may have had on insect life in the river - could help the Corps decide how to manage future draw-downs of the reservoir, Willis said.