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 ?
several series of film samples were prepared by varying draw-down ratio (DDR) and blow-up ratio (BUR) at a constant extrusion temperature 230[degrees]C.
Draw-down is used here as a client input variable to describe the annual percentage rate that a portfolio is consumed by an investor.
Accordingly, landlords should look carefully at the draw-down rights under both the Lease and the letter of credit itself.
The draw-down amount was utilized to voluntarily prepay in total the balance of US$92.7 million of the present revolving credit service with The Royal Bank of Scotland plc and to partially fund the buying price of the m/v Rotterdam.
This action expands the company's Draw-Down Line of Credit Note to USD1.75m.
The results of the study - along with information other researchers are gathering about the impact the turbidity may have had on insect life in the river - could help the Corps decide how to manage future draw-downs of the reservoir, Willis said.
The spinning draw-down is defined as the ratio between the fineness (in units of tex = weight in grams per km length) of an unwound as spun fiber and the fineness of the wound fiber.
Suppliers may also be required to provide the following additional services which SE may draw-down as required.
But the group said some of the drop could be attributed to the increasing popularity of more flexible draw-down plans, which enable people to release the money they need in stages, rather than taking it as a lump sum.
Building Surveying.Suppliers may also be required to provide the following additional services which SE may draw-down as required.
SE reserves the right to source any draw-down services at its discretion either through this contract, competitively or through other existing framework agreements.
Toro Energy declared that it has obtained $8 million from the draw-down of the first tranche of a $12 million convertible debt facility from Macquarie Bank.