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 ?
Asked about comments he made in the House of Commons last June that the Home Office was aiming to remove 2,500 failed applicants each month, Mr Blunkett said: 'I should have drawn stumps at that point - let's just get that on the record.
At Chester in August Wince (4.45) responded willingly to Fallon's urgings to win a small Conditions race and it's pretty safe to assume Henry Cecil would have drawn stumps for the season if he thought there wasn't another race in the filly.
Stoute's thin spread of entries for the remainder of this week very much suggested that he had drawn stumps on his title challenge, and he had already departed for the Breeders' Cup yesterday morning before being able to pass on his congratulations to the new champion.