drawdown
(also draw-down) /ˈdrɔːdaʊn/ nounDefinition
› [C or U] FINANCE a situation in which someone takes an amount of money that has been made available: a drawdown facility/plan/scheme The income drawdown plan allows you to keep your fund invested after retirement while you draw an annual income from it. Overpayments are available for drawdown at any time. One of the big dangers of income drawdown is that funds can be seriously eroded if too much income is taken out.
› [C or U] ECONOMICS the act of using part of a supply of something, or the amount that is used: a drawdown in sth The situation is so tight for the product and we continue to see a drawdown in stock levels. Domestic gas stocks had declined to 37% of capacity, which was a larger drawdown than analysts had expected.
› [C] FINANCE a reduction in the value of an investment below its highest point: The fund has had two large drawdowns this year and is £9m in debt.
(Definition of drawdown noun from the Cambridge Business English Dictionary
© Cambridge University Press)
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