draw on/upon sth - definition in the Business English Dictionary - Cambridge Dictionaries Online

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English definition of “draw on/upon sth”

draw on/upon sth

phrasal verb with draw
 
 
/drɔː/ verb [T] (drew, drawn)
to start using a supply of something: Americans are spending more than they earn, drawing on savings and building up debt to do so. He has secured a loan for a new building by drawing upon the resources of two existing tenants.
(Definition of draw on/upon sth from the Cambridge Business English Dictionary © Cambridge University Press)
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