Dictionary

drawdown en · NOUN

Pronunciation

• (US) audio

Etymology

Deverbal from draw down.

Meanings

1. (countable, uncountable) The act of reduction or depletion (including through withdrawal or utilization).
   • This imbalance causes the buildup of inventories during the summer months when consumption is low and the drawdown of inventories during the winter months when consumption is much higher. 2011, Kenneth D. Lawrence, Ronald K. Klimberg, Advances in Business and Management Forecasting, page 32:
   • In order to stem the drawdown of gold reserves, the new economic minister quickly arranged US$ 260 million in "swaps" from friendly Latin American central banks 2019, Miguel S. Wionczek, Luciano Tomassini, Politics And Economics Of External Debt Crisis, page 403:
   • Despite brief hopes of a respite in tensions after Vladimir Putin’s announcement on Tuesday that there would be a “partial” drawdown of forces, some Nato countries remained sceptical about how many of the roughly 130,000 troops had really been withdrawn. 2022 February 17, Aubrey Allegretti, Julian Borger, Daniel Boffey, “Russian claim of Ukraine drawdown is disinformation, says UK minister”, in The Guardian, →ISSN:
   • The government initiated a drawdown of forces in the border region.
2. (US, countable, in particular, uncountable) The act of reduction or depletion (including through withdrawal or utilization). ▸ The withdrawal of weapons, ammunition and other supplies from US stocks, and provision of it to another nation.
   • The presidential drawdown authority, a US foreign policy tool, allows for the speedy delivery of DoD stocks to foreign countries in crisis. 2023 December 27, “US to provide Ukraine with up to $250m in arms and equipment”, in The Guardian, →ISSN:
3. (countable, uncountable) The act of reduction or depletion (including through withdrawal or utilization). ▸ A lowering in water level, as in a well or a reservoir.
   • From June to October 1992, an intensive reconnaissance survey of cultural resources exposed by a drawdown in lake elevation was conducted by the U.S. Army Corps of Engineers 1995, John H. Dendy, Intensive Archeological Reconnaissance Survey of Newly Exposed Shoreline Resulting from the Drawdown of Harlan County Lake, Harlan County, Nebraska:
4. (countable, uncountable) The result of reduction, utilization, or depletion.
5. (countable, uncountable) (A measure of) the decline from a historical peak in some economic or financial variable.
6. (countable, uncountable) The process of a bank releasing previously agreed loan amount to the borrower, hence making it available for them to use.
7. (countable, uncountable) The borrowing of funds from a financial institution, under the terms of a credit agreement.
   • The financier exercises control over drawdown of the loan against presentation of stipulated documentation evidencing fulfilment of the pre-specified event or condition 2020, Stephen A. Jones, editor, The Trade and Receivables Finance Companion, page 200:
   • The final lap in the drawdown of an approved loan or credit facility is the issue of an official instruction by the borrower to the lending bank. 2016, Kenny Tay, Corporate and Business Lending: Setting the Standards:
   • The agreement may provide for drawdown of the loan within the contract period as and when funds are required by the borrower, which part of the contract period till the last instalment is drawn is also referred to as the 'commitment period'. 1982, State Bank of India. Economic and Statistical Research Department, State Bank of India Monthly Review, volumes 21-22, page 432:

Forms

Relateds

downturn · withdraw · drawback · draw down