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 ?
Now most people accessing savings are opting for drawdown instead, taking cash as and when they need it, even those with smaller pension pots.
The continued decline in Saudi Arabian Monetary Authority (SAMA's) NFAs partly reflects the government's drawdown of its foreign assets to help cover the fiscal deficit.
Finally, Linn criticizes Drawdown for being too focused on battle
While drawdown offers the chance to grow funds, investments can also go down.
Pursuant to the Amending Agreement, the Drawdown Deadline for the $50M Tranche has been extended from November 1, 2016 to March 1, 2017.
Income drawdown provides more flexibility and the opportunity to benefit from possible growth in investment markets but not the certainty of a defined income.
modernization drawdown is a triple whammy for the Army," he said in the report, "The Army Modernization Challenge: A Historical Perspective," released in March.
Stemming from the 2008 turmoil, the S&P 500 saw its max drawdown of -55.
There will also be a relaxation to the tax treatment that will allow a benefi-ciary (and not just a 'dependant' of the deceased) to receive tax free withdrawals from a drawdown pension if the original member (or last drawdown account holder) died before age 75.
That need to calculate a sustainable drawdown rate is the reason Sungard created the financial planning tool MyRetirement, which it positions as a retirement readiness tool, Hirschi says.
Certain pension providers have announced that they will increase automatically the level of drawdown income their customers receive, from 100% to 120% (assuming they were taking the maximum amount of income when the increase to the limit came into effect).
Final results from that drawdown were not immediately available, Taylor said.