draw down on something


draw down on something
ˌdraw sthˈdown (from sth) | ˌdraw ˈdown on sth derived
(especially NAmE) (BrE usually draw) (finance) to take money from a fund that a bank, etc. has made available

The company has already drawn down €600 million of its €725 million credit line.

They can draw down on the loan at any time.

related noun drawdown
Main entry:drawderived

Useful english dictionary. 2012.

Look at other dictionaries:

  • draw something down from something — ˌdraw sthˈdown (from sth) | ˌdraw ˈdown on sth derived (especially NAmE) (BrE usually draw) (finance) to take money from a fund that a bank, etc. has made available • …   Useful english dictionary

  • draw — [drɔː ǁ drɒː] verb drew PASTTENSE [druː] drawn PASTPART [drɔːn ǁ drɒːn] [transitive] BANKING 1. also draw out to take money from your bank account …   Financial and business terms

  • draw — draw1 W1S1 [dro: US dro:] v past tense drew [dru:] past participle drawn [dro:n US dro:n] ▬▬▬▬▬▬▬ 1¦(picture)¦ 2 draw (somebody s) attention 3 draw a conclusion 4 draw a comparison/parallel/distinction etc 5¦(get a reaction)¦ 6¦(attract)¦ 7¦(get… …   Dictionary of contemporary English

  • draw — drawable, adj. /draw/, v., drew, drawn, drawing, n. v.t. 1. to cause to move in a particular direction by or as if by a pulling force; pull; drag (often fol. by along, away, in, out, or off). 2 …   Universalium

  • draw — I UK [drɔː] / US [drɔ] verb Word forms draw : present tense I/you/we/they draw he/she/it draws present participle drawing past tense drew UK [druː] / US [dru] past participle drawn UK [drɔːn] / US [drɔn] *** 1) a) [intransitive/transitive] to… …   English dictionary

  • draw — [c]/drɔ / (say draw) verb (drew /dru / (say drooh), drawn, drawing) –verb (t) 1. (sometimes followed by along, away, in, out …   Australian English dictionary

  • draw in — verb 1. pull inward or towards a center (Freq. 1) The pilot drew in the landing gear The cat retracted his claws • Syn: ↑retract • Derivationally related forms: ↑retraction (for: ↑ …   Useful english dictionary

  • Something Positive — logo, Mr. Personality. Author(s) R. K. Milholland Website http:/ …   Wikipedia

  • draw — [drô] vt. drew, drawn, drawing [ME drawen < OE dragan, akin to ON draga, to drag, Ger tragen, to bear, carry < IE base * dherāgh , to pull, draw along > L trahere, to pull, draw] I indicating traction 1. to make move toward one or along… …   English World dictionary

  • draw — (dr[add]), v. t. [imp. {Drew} (dr[udd]); p. p. {Drawn} (dr[add]n); p. pr. & vb. n. {Drawing}.] [OE. dra[yogh]en, drahen, draien, drawen, AS. dragan; akin to Icel. & Sw. draga, Dan. drage to draw, carry, and prob. to OS. dragan to bear, carry, D.… …   The Collaborative International Dictionary of English