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 ?
A switch to handicap company saw him in a better light, however, as he absolutely bolted up in soft ground at Leicester, after which connections drew stumps for the year.
Only third, Nicholls drew stumps and no doubt got plenty of schooling into him for this season.
Ludlow drew stumps around 15 minutes after their first race was due off at 1.