drawdown Meaning in the Cambridge English Dictionary Cambridge dictionaries logo

Meaning of “drawdown” in the English Dictionary

"drawdown" in British English

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drawdownnoun [C or U]

uk   /ˈdrɔː.daʊn/  us   /ˈdrɑː-/
a ​situation in which someone ​takes an ​amount of ​money that has been made ​available: There was no ​record of a drawdown of funds from the ​account. The ​income drawdown ​planallows you to ​keepyourfundinvested in the ​stockmarket after ​retirement while you ​draw an ​annualincome from it.
(Definition of drawdown from the Cambridge Advanced Learner’s Dictionary & Thesaurus © Cambridge University Press)

"drawdown" in Business English

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drawdownnoun

(also draw-down) uk   us   /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 ​planallows you to ​keep your ​fundinvested after ​retirement while you ​draw an ​annualincome 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 ​stocklevels. Domestic ​gasstocks 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 ​highestpoint: The ​fund has had two large drawdowns this ​year and is £9m in ​debt.
(Definition of drawdown from the Cambridge Business English Dictionary © Cambridge University Press)
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“drawdown” in Business English

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