draw something down from something


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

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.

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