Drawdown
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Related to Draw-Down: draw out
Drawdown
The state in which the borrower obtains some of the project financing, usually progressively according to construction expenditures plus IDC.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.
Drawdown
1. In construction, a situation in which a company receives part of the funding necessary to complete a project. The company may receive the funding gradually over the course of the project. See also: IDC.
2. The gradual decline in the price of a security or other investment between its high and low over a given period. See also: Bear market.
2. The gradual decline in the price of a security or other investment between its high and low over a given period. See also: Bear market.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved