drawdown

See also: draw down

English

Etymology

draw +‎ down

Noun

drawdown (countable and uncountable, plural drawdowns)

1. The act of reduction or depletion (including through withdrawal or utilization).

   The government initiated a drawdown of forces in the border region.

   • 2011, Kenneth D. Lawrence, Ronald K. Klimberg, Advances in Business and Management Forecasting, page 32:

     This imbalance causes the buildup of inventories during the summer months when consumption is low and the drawdown of inventories during the winter months when consumption is much higher.

   • 2019, Miguel S. Wionczek, Luciano Tomassini, Politics And Economics Of External Debt Crisis, page 403:

     In order to stem the drawdown of gold reserves, the new economic minister quickly arranged US$ 260 million in "swaps" from friendly Latin American central banks

   • 2022 February 17, Aubrey Allegretti, Julian Borger, Daniel Boffey, “Russian claim of Ukraine drawdown is disinformation, says UK minister”, in The Guardian‎^[1], →ISSN:

     Despite brief hopes of a respite in tensions after Vladimir Putin’s announcement on Tuesday that there would be a “partial” drawdown of forces, some Nato countries remained sceptical about how many of the roughly 130,000 troops had really been withdrawn.

   1. (US, military, law, in particular) The withdrawal of weapons, ammunition and other supplies from US stocks, and provision of it to another nation.
      • 2023 December 27, “US to provide Ukraine with up to $250m in arms and equipment”, in The Guardian‎^[2], →ISSN:

        The presidential drawdown authority, a US foreign policy tool, allows for the speedy delivery of DoD stocks to foreign countries in crisis.

   2. A lowering in water level, as in a well or a reservoir.
      • 1995, John H. Dendy, Intensive Archeological Reconnaissance Survey of Newly Exposed Shoreline Resulting from the Drawdown of Harlan County Lake, Harlan County, Nebraska:

        From June to October 1992, an intensive reconnaissance survey of cultural resources exposed by a drawdown in lake elevation was conducted by the U.S. Army Corps of Engineers

2. The result of reduction, utilization, or depletion. (Can we add an example for this sense?)
3. (economics) (A measure of) the decline from a historical peak in some economic or financial variable.
4. (banking) The process of a bank releasing previously agreed loan amount to the borrower, hence making it available for them to use.
5. (finance) The borrowing of funds from a financial institution, under the terms of a credit agreement.
   • 2016, Kenny Tay, Corporate and Business Lending: Setting the Standards:

     The final lap in the drawdown of an approved loan or credit facility is the issue of an official instruction by the borrower to the lending bank.

   • 2020, Stephen A. Jones, editor, The Trade and Receivables Finance Companion, page 200:

     The financier exercises control over drawdown of the loan against presentation of stipulated documentation evidencing fulfilment of the pre-specified event or condition

   • 1982, State Bank of India. Economic and Statistical Research Department, State Bank of India Monthly Review, volumes 21-22, page 432:

     The agreement may provide for drawdown of the loan within the contract period as and when funds are required by the borrower, which part of the contract period till the last instalment is drawn is also referred to as the 'commitment period'.

Related terms

• downturn
• drawback
• withdraw
• draw down (verb)

References

• “drawdown”, in OneLook Dictionary Search.
• “drawdown”, in Dictionary.com Unabridged, Dictionary.com, LLC, 1995–present.

Anagrams

• downdraw, downward