draw

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Related to draw off: draw away, draw upon

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 ?
Hospital district officials have said they fear that the new private hospital will draw off patients with insurance, leaving Antelope Valley Hospital caring for a higher percentage of patients unable to pay for their treatment.
ASR is auger-fed from the bin to a 30-ft-tall aspirator tower, where it's aerated to draw off fiber and lint, roughly 50% by volume.
spoke on environmental issues and how foundries can draw off community relations programs, such as that in place at Ashland's Foundry Products plant.
The two venous drainage plans observed among early hominids probably resulted from random genetic changes as new hominid species emerged; neither arrangement would draw off cerebral blood better than the other, Kimbel holds.
NEW ABOVE GROUND 55,000 BBL JET FUEL STORAGE TANK complete with impervious dikes and basins, cathodic protection (sacrificial anode type) for storage tank and buried metallic fuel pipe lines, fill and overfill protection devices, high and low level alarms, water draw off system, internal floating pan, automatic tank gauging system, and level alarm systems;