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 ?
The fundraising has drawn fire as institutional investors were initially excluded from plans to raise pounds 3bn through the issue of reserve capital instruments (RCIs) to the Middle Easterners.
But the New Jersey Public Health Council's decision late last year to require the vaccine for preschoolers and children in day care has drawn fire from some parents, who want to be able to choose whether their children receive vaccinations.
Beijing has drawn fire after its deadly crackdowns on peaceful demonstrations against Chinese rule in the Tibetan capital of Lhasa on March 14.
The move has drawn fire from football veterans including Dave Bassett.
One of the first women to carve out a significant career in Canadian film, and certainly the first Indo--Canadian woman to do so, Mehta has also drawn fire in both Canada and India for her choice of subject matter.
Since taking office in April 2001, Koizumi has visited the Shinto shrine once a year, the last time being on New Year's Day last year, and has each time drawn fire from countries such as China and South Korea.
The federal government's refusal to reveal data that it used to develop its recommendation to reduce salt intake with the goal of preventing strokes has drawn fire from the salt industry.
Bush for Canada to join in a U.S.-led system intended to shoot down missiles from so-called "rogue" nations, has drawn fire from church leaders in Canada.