Drawing back financial definition of drawing back
draw (redirected from drawing back)
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(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
For maximum value, Verispan will augment The Changing Hospital Marketplace: Drawing Back
the Curtain on Pharmaceutical Promotion with key data from its Diagnosis & Procedure Analyzer, which tracks the latest trends in hospital diagnoses and procedures.
He added that a fall opening may even have the unintended consequence of drawing back
visitors who normally schedule their amusement park visits for the summer.