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 ?
So every night they would draw straws to see which one would get the one room they could afford.
In retaliation for the murder of a patriot, he made his British captives draw straws and, when an innocent teenage Redcoat drew the unlucky straw, he condemned the young man to death, setting off an international incident.
Because of redistricting and the need for staggered terms in the Senate, all senators had to draw straws for either a two-year or four-year term.
"We had to draw straws to team up with the other writers and Joy and I ended up in a room together.
The three teenagers draw straws to see who will be project manager - it's Cameron - and horses are carefully assayed for calmness and tractability.
Brandt of Albert Einstein College of Medicine in New York said the procedure has become so commonplace that his nurses have become inured to it, and no longer have to draw straws when a patient arrives for fecal implantation.