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 ?
"She bit a young man working on her team on the bottom so hard that it drew blood."
He drew blood and I was black and blue yesterday morning.
The 31-year-old from Manchester pushed hard towards the end, though, and rocked his opponent with two strong blows that drew blood from Van Heerden.
The 16-week-old drew blood as Carol, 50, squealed "Ow" twice and said: "Gosh - they've got strong beaks, haven't they, the wee rascals."
To prove his love, the 19-year-old drew blood from a cut he made on his hand and marked Ms Devi's forehead, a traditional Hindu sign indicating that she was married to him.