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 ?
Another little known and rarely discussed concept about drawdown is that the extrudate continues to draw down until it reaches the glass-transition temperature (Tg) in crystalline polymers, or the heat-distortion temperature in amorphous resins.
At low drawdown ratios, s-PS filaments showed two broad halos suggesting mesomorphic structure.
The number of common shares issuable under the terms of the equity drawdown facility and the selling restrictions are subject to the following:
Because of those concerns, Alabama Power approached the FERC about amending its Logan Martin operating license to eliminate the spring drawdown.
We need biological information about the effect of drawdowns on improving juvenile salmon survival," Saxvik said.
A first drawdown in the amount of US $3 million was received on November 16, 2005.
Based on conservative customer growth projections of 3% annually, the city projects using about $5 million of the reserves through fiscal 2010, but continued strong growth of its customer base, which grew by a large 9% in fiscal 2005, may preclude any actual drawdowns.
After six consecutive years of general fund drawdowns, both fiscal 2003 and 2004 ended with surpluses; the undesignated general fund balances were solid at 13.
Although general fund balances have been reduced over the past few years, they remain high, and drawdowns were used to provide funding to the capital plan, which in turn has helped keep debt levels low.
Although such budgetary pressures contributed to fund balance drawdowns in recent years, the additional 1% sales tax effective since September 2004 along with the new cap on local Medicaid spending is expected to provide structural balance.
5 million for fiscal 2005 (unaudited) and is budgeting further drawdowns for fiscal 2006.
The Negative Outlook was assigned to the district's GO bonds in July 2003, reflecting substantial projected general fund drawdowns as well as the uncertainty surrounding the state's education funding.