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 ?
Acting stipendiary steward Simon Cowley said: "A referral to the Jockey Club is normal when it is found that a jockey has drawn blood due to the use of his whip.
The gulls have drawn blood several times, and locals fear children could be badly hurt.
They play rough with each other, but never so rough that they've drawn blood, Mann said.