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.

The Complete Real Estate Encyclopedia by Denise L. Evans, JD & O. William Evans, JD. Copyright © 2007 by The McGraw-Hill Companies, Inc.
References in periodicals archive ?
Every movement and every step has to be practiced--this includes drawing back your bow.
Author of the guide Jonquil Lowe said: ``Rather than drawing back from life, retirement can be a new and enjoyable phase when you can grasp life's opportunities to the full.''
For instance crops should be harvested in the morning when the sap is rising and sowing should take place at the end of the day when the sap is drawing back in.