Drawdown

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Drawdown

The state in which the borrower obtains some of the project financing, usually progressively according to construction expenditures plus IDC.

Drawdown

1. In construction, a situation in which a company receives part of the funding necessary to complete a project. The company may receive the funding gradually over the course of the project. See also: IDC.

2. The gradual decline in the price of a security or other investment between its high and low over a given period. See also: Bear market.
References in periodicals archive ?
The spinning draw-down is defined as the ratio between the fineness (in units of tex = weight in grams per km length) of an unwound as spun fiber and the fineness of the wound fiber.
Fibers with draw-down less than 100 show a yield point and the stress drops after the yield.
Milinx may initiate draw-downs on this facility when its registration statement is declared effective by the SEC.
The draw-downs are subject to the filing of a registration statement with the Securities and Exchange Commission covering the resale of the shares.
We expect that draw-downs under the committed equity line will commence in the early part of 2001 after the registration of the shares becomes effective.
Medix Resources (AMEX: MXR), the e-health connectivity technology Company, today announced the closing of a private placement of a line of credit for convertible debt with a single undisclosed investor, which will permit Medix to draw down up to $2,500,000 over the next ten months if conditions for the draw-downs are satisfied.
Draw-downs under the Line of Credit are subject to the company meeting its borrowing base test.