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 ?
It continues to draw fire for allegedly stifling small businesses and squeezing its vendors."
The decision to abolish the fee will benefit new NTT fixed-line customers, but it is expected to draw fire from current subscribers as the two NTT units will not refund the charge.
The decision is likely to draw fire from the families of Japanese nationals abducted by North Korea because they trust Saiki for his tough stand on the North, along with Kyoko Nakayama, the former Cabinet Secretariat adviser on the abduction issue who resigned late last month.