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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.
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US military commanders plan to keep 100,000 US troops in Iraq through the elections to provide security but then embark on a fast paced drawdown that will take their numbers down to 50,000 by August.
US presses Iraq on elections: offcial by AFP / AFP American Edition
The United States may speed up the the drawdown of US troops from Iraq, US Defence Secretary Robert Gates said on Wednesday after a surprise visit to the war-scarred country.
US 'may speed up' drawdown of troops from Iraq by AFP / AFP Global Edition
Within this figure, the popularity of drawdown policies, which enable people to unlock money in stages as and when they need it, rose by 14% to account for just over half the total.
Fewer people are unlocking equity from their homes by The Journal (Newcastle, England)
 
 
 
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