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 ?
Pull the trigger on a revolver and the hammer draws back for a split second before slamming forward.
At several points in ``The Saltmen of Tibet,'' Ulrike Koch's profoundly absorbing study of a small band of nomads trekking across the Tibetan high country with a caravan of 160 yaks, the camera draws back to observe from afar an annual pilgrimage that has been taking place for 2,000 years.
Mary Elizabeth Perry draws back the veil of silence and seclusion to show how morisca women survived and resisted Christian efforts to obliterate their culture, and Alain Saint-Saens examines the gender-based suspicions confronted by women hermits who pursued a solitary path of piety outside convent walls.