drawdown
noun/ˈdrɔːdaʊn/
/ˈdrɔːdaʊn/
[countable, uncountable]- drawdown (on something) the 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.
- drawdown (on something) (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.
Check pronunciation:
drawdown