draw

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Related to draw off: draw away, draw upon

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 ?
He says Alaska Aquaculture already has a permit from the Federal Energy Regulatory Commission to draw off 490 million gallons per month.
Limited Tenders are invited for Supply of trays, tray support beam and draw off box for 1c-02 trays
Richard Fahey's team are going well and FARLOW (2.15) could run well from a good draw off a decent mark.
At one time he was considered to be an Ascot Gold Cup horse so, given a fair draw off the same mark, Wells looks a good each-way bet at 20-1.
ASR is auger-fed from the bin to a 30-ft-tall aspirator tower, where it's aerated to draw off fiber and lint, roughly 50% by volume.
Matson, plant manager, Ashland Chemical, Inc., spoke on environmental issues and how foundries can draw off community relations programs, such as that in place at Ashland's Foundry Products plant.
The two venous drainage plans observed among early hominids probably resulted from random genetic changes as new hominid species emerged; neither arrangement would draw off cerebral blood better than the other, Kimbel holds.