Drawdown

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Drawdown

The state in which the borrower obtains some of the project financing, usually progressively according to construction expenditures plus IDC.

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.
References in periodicals archive ?
That simulation can be compared with a 20-year simulation with an increased initial draw-down rate, assuming that the portfolio did not grow during the first 10 years.
Figures 1c and 1d show plots of tensile strength and elongation at break versus draw-down of as-spun fibers, respectively.
Both the Core and Draw-Down services may be required during the course of the contract for premises occupied by SE for operational purposes, in addition to the Investment Portfolio.
Draw-down warrants: being 50% of drawn down funds divided by the exercise price; and
Forward-looking statements in this release include, but are not limited to, our expectation that swabbing operations will continue for a number of days; that we will establish a stabilized test rate; that bottom-hole pressure recorders will be run in the well and will record reservoir draw-down and build-up pressures; that we will conduct selective nitrogen stimulation utilizing a Halliburton coiled tubing unit scheduled to arrive on location in late February; that Roll'n service rig #14 is scheduled to be moved to the Beaver Hill pilot project site to commence completion operations there; and that results continue to support our ongoing exploration efforts.
In consideration of its investment, CLX will receive 2 million shares of ActionView restricted common stock on a pro-rata basis as the draw-down takes place.
Videolocity would like to delay any draw-downs on the SEDA for working capital purposes until the current trading market for the stock, to include the trading volume and the stock price, can provide ample support.
The Facility is available for draw-down until July 31, 2005 and is thereafter repayable over a period of five and a half years.
Leaseholders, private landowners and others at the meeting asked that Minnesota Power reduce its draw-down on the reservoir when its level is especially low.
Standard & Poor's expects any draw-down on the shelf to maintain debt leverage and interest coverage figures within their current rating expectations.
30 per share through the periodic draw-down of shares in a shelf registration.