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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. Want to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit the webmaster's page for free fun content. |
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