drawdown


Also found in: Dictionary, Financial, Encyclopedia, Wikipedia.

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 ?
While dip in annuity volumes during 2017/18 looks to stabilize, income drawdown will potentially be in high demand.
The 2015 pension freedoms have led to drawdown being the most popular choice as it allows flexible cash access, rather than buying an annuity to give an income for life.
Attn: MSLETB wish to invite responses to the tender request for a single supplier for the drawdown of Refurbished Desktop PCs and accessories.
Over the past month, the UAE has cut its deployment around the strategic Red Sea port of Hudaydah by 80 percent to fewer than 150 men, according to people briefed on the drawdown. They have pulled out their attack helicopters and heavy guns, effectively precluding a military advance on the city.
In previous work on shape change during drawdown, Griffith and Tsai (ref.
The book, 'Drawdown,' edited by Paul Hawken, was created with assistance and input from a number of scientists, academics, business leaders, and policy makers.
The FCA plans to examine the charges on standard drawdown products and is highly likely to move towards capping them if it finds they are excessive, according to its final report on the review, published in June 2018.
The applicable interest rate is the prevailing rate for International Bank for Reconstruction and Development loans at drawdown. In addition, there is a front-end fee of 0.50 percent and a renewal fee of 0.25 percent on the loan amount.
At that drawdown, organizers will pull raffle tickets and reveal cards until the queen of hearts is finally revealed.
This is the first drawdown from BPI's existing $2-billion medium-term notes program.
The Financial Conduct Authority (FCA) recently raised concerns regarding people taking money from their drawdown pension without seeking financial advice.
Typically, people are moving cash into personal pensions, defined-contribution pensions or using income drawdown. For more flexibility, and to suit needs exactly, there are also hybrid products where you can combine annuities and drawdown, guaranteeing an income for life to pay the bills and also have a flexible pot to dip into as and when.