What is the meaning of Drawdown?

Drawdown is the state in which the borrower obtains some of the project financing, usually progressively according to construction expenditures plus IDC.

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APABarry Goldsmith. (2010). drawdown. Retrieved September 20, 2026, from http://smartdefine.org/drawdown/definitions/1152451
ChicagoBarry Goldsmith. 2010. "drawdown" http://smartdefine.org/drawdown/definitions/1152451 (accessed September 20, 2026).
HarvardBarry Goldsmith 2010, drawdown, Smart Define, viewed 20 September, 2026, <http://smartdefine.org/drawdown/definitions/1152451>.
MLABarry Goldsmith. "drawdown" 21 October 2010. Web. 20 September 2026. <http://smartdefine.org/drawdown/definitions/1152451>