drawdown

1. The act of reduction or depletion (including through withdrawal or utilization).Examples: "The presidential drawdown authority, a US foreign policy tool, allows for the speedy delivery of DoD stocks to foreign countries in crisis."UScountableuncountable

2. (economics) (A measure of) the decline from a historical peak in some economic or financial variable.countableuncountable

3. (banking) The process of a bank releasing previously agreed loan amount to the borrower, hence making it available for them to use.countableuncountable

4. (finance) The borrowing of funds from a financial institution, under the terms of a credit agreement.Examples: "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."; "The financier exercises control over drawdown of the loan against presentation of stipulated documentation evidencing fulfilment of the pre-specified event or condition"; "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'."countableuncountable