What is the meaning of Draw Down?

To access available loan funds, might refer to a staged loan for property constructions, or lines of credit where the limit is set and the borrower can use the funds as required or the act of transferring money from lending institution to the borrower after the loan has settled.

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APABarry Goldsmith. (2010). draw down. Retrieved September 20, 2026, from http://smartdefine.org/draw_down/definitions/1152448
ChicagoBarry Goldsmith. 2010. "draw down" http://smartdefine.org/draw_down/definitions/1152448 (accessed September 20, 2026).
HarvardBarry Goldsmith 2010, draw down, Smart Define, viewed 20 September, 2026, <http://smartdefine.org/draw_down/definitions/1152448>.
MLABarry Goldsmith. "draw down" 21 October 2010. Web. 20 September 2026. <http://smartdefine.org/draw_down/definitions/1152448>