Definition of drawdown noun from the Oxford Advanced American Dictionary

     

    drawdown

     noun
    noun
    NAmE//ˈdrɔdaʊn//
     
    [countable, uncountable]drawdown (on something)
     
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  1. 1the act of reducing a supply of something that has been created over a period of time; the amount used The cold winter has led to a larger-than-expected drawdown on oil stocks. the annual summer drawdown on the reservoirs After the Cold War there was a drawdown of military forces.
  2. 2(finance) the act of using money that is available to you; the amount used a drawdown of cash from the company's reserves The first drawdown on the loan will be at the end of next month. The interest rate is fixed at drawdown.
See the Oxford Advanced Learner's Dictionary entry: drawdown