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 ?
Jodi Mogford faces a date with the Jockey Club stewards after it was found that his whip had marked Ambleside and drawn blood when the 11-year-old filled the runner-up spot a length behind Struggles Glory in the handicap chase.
The gulls have drawn blood several times, and locals fear children could be badly hurt.
There was a scare at the start for The Whistling Teal when the vet was called as the five-year-old, who had drawn blood when biting his tongue.