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English definition of “draw sth down”

draw sth down

phrasal verb with draw
 
 
/drɔː/ verb [T] (drew, drawn)
(US also draw down on sth) FINANCE to take part of an amount of money that has been made available: We took out a bank loan which allowed us to draw down sums of money as we needed them. Some of the money would come from federal money that the state is entitled to but has not drawn down. Fund managers drew down on cash reserves and bet that the bull market would continue through the summer.
( US also draw down) to reduce a supply of goods, or to be reduced: Consumers continue to draw down inventories of aluminum, copper, and other metals at London Metal Exchange warehouses. During the next 100 years, US coal reserves will draw down significantly.
(Definition of draw sth down from the Cambridge Business English Dictionary © Cambridge University Press)
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