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 ?
Huge numbers risk ending up out of pocket by accepting the first deal they are offered from the pension firm they have saved with - while others are doing DIY drawdown without advice and could run out of cash too early.
Analysts expect the average rate of monthly drawdowns from reserves to moderate in the year ahead, however, this will depend on other uses of non-deficit funding.
and operations; yet, considering aspects of drawdowns in a vacuum
Annuities can particularly suit those with smaller pension pots due to the higher charges associated with drawdown.
Compared with the post-Vietnam and post-Cold War drawdowns, the Army's modernization funding authority has taken a larger percentage cut this time around, The decline in RDT&E money is also steeper.
Where the person entitled to drawdown dies then it will be possible for another beneficiary to continue in drawdown or for a lump sum to be paid.
Any drawdown calculator or strategy should include ways for participants to take action quickly.
The drawdown also helps reduce the rapid pressure change that salmon can experience when water levels are higher, he said.
The Center for Army Lessons Learned (CALL), in partnership with the Army Combined Arms Support Command (CASCOM), has released the first-ever handbook on drawdown operations written for all levels of Army sustainment.
Amid reports in a section of US newspaper that the Obama Administration is seeking a shift in its strategy in the country, the Pentagon said drawdown from Afghanistan between now and 2014 would be steady and conditions based.
President Barack Obama would make a decision "soon" about the drawdown of U.