draw

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draw

(1) A request that a lender advance funds under a construction or other future-advances loan.

(2) A periodic request by a contractor or subcontractor for a portion of the contract price for a job, usually according to the percentage of completion of the work and the cost of materials and labor.

References in periodicals archive ?
The words begin to swagger through the whiteness of a last refrain, then draw back, seductive, as if no longer responsible, compromising themselves like a series of defective vehicles that have to be shipped back to the factory from the dealership window.
For one thing, they note, the compound breaks down very quickly in sunlight--an advantage for an agricultural chemical not meant to build up in the environment, but a draw back for a drug applied to skin.
Hence, to draw back the heavy maintenance work back to North America, domestic companies should strive to provide the same work in a lesser time than foreign MRO providers, thereby reducing the overall costs associated with the work.
Soon, two deer came in, and as I started to draw back my bow, a third deer blew behind me and scared the two others away.
He added: "I would urge the unions to draw back from the brink.
The controversial Birkenhead MP said: "The government needs to draw back from the New Deal, replacing it with a community programme shaped around a green agenda.
50 Nad Al Sheba Sand-to-turf has been a lucrative angle for Ismail Mohammed team, and this one has a good draw back on turf.
November 5: South Shields Open 11-4pm 1st h/f pounds 500, 2nd h/bag pounds 300, lady & h/flat pounds 50, jnr rod/reel kit, prize table pounds 2,000 Reelsport blue thunder for free draw back at presentation (you must be there to win) Reg New Crown from 9am or Reelsport, Hebburn, S&A bait supplies, and I D Tackle.