Definition from Wiktionary, the free dictionary
drawdown (plural drawdowns)
- The act of reduction or depletion.
- The result of reduction or depletion.
- A change in hydraulic head in a well or other body of water.
- (economics) A measure of the decline from a historical peak in some variable, typically the cumulative profit or total open equity of a financial trading strategy.
- “drawdown” in Dictionary.com Unabridged, v1.0.1, Lexico Publishing Group, 2006.