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 ?
Draw the Line came out of a local band that played blues and rock and "was leaning to Aerosmith tribute," Byrnes said.
Rules for the actual use of that technology "are going to be determined by the regulatory bodies and by the Congress, as they decide where they want to draw the line," Quigg added.
It is not fair to our customers who ultimately bear these costs and we have decided to draw the line by asking a federal court to stop these practices by Sinclair," concluded Commisso.
When do we draw the line and say, "If you can't support us, you need to know how much that hurts.
Tony Blair: "You draw the line at anything that's improper and you have to have a system of accountability.
As MBTA spokesman Brian Pedro told National Public Radio, "You have to draw the line somewhere.