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English definition of “drawdown”

drawdown

noun (also draw-down)     /ˈdrɔːdaʊn/
[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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