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 ?
Weather will play a factor--you may get an unexpected frost late in the year or draw down early with the intent of frost killing unwanted weeds, but the temperature stays above average.
Over time, contributions in the complete draw down raffle decline, similar to the often observed pattern of declining public good contributions in voluntary contribution mechanisms.
The budget rider, backed by private hospitals, calls for the state to fully maintain the Disproportionate Share Hospital program, or DSH, under which the state's large public hospital systems use local taxpayer dollars to draw down federal matching money to cover indigent care at both public and private hospitals.
This Equity Line Funding provides companies with flexible terms and a low discount to draw down funding."
(TSX:HEG), a coal producer with operations in the Witbank area of South Africa, has received a second draw down of USD10m under its USD30m credit facility with ICICI Bank.
CHESHIRE property firm Eatonfield Group has called on its shareholders to save it from administration by voting through resolutions that will allow it to draw down funds.
The Environment Agency is currently consulting on an application from Western Power Distribution Property Investments Ltd for a discharge consent to draw down the remaining water in Llanishen Reservoir.
States are also limited in that they can only draw down actual planned expenses, as federal law prohibits states from accruing interest on these funds.
He said the critical measurement when to draw down is done at the north lake dam near the boat launch at Sturbridge and Leno Roads.
With Fianna Fail likely to remain in government the GPA and GAA appear to be in a strong position to draw down the promised money.
The officer corps will draw down more than 9,000 members by fiscal 2011 as well.
The ADM automates the draw down process controlling scraper angle, speed, and force.