Practical Law Glossary Item 5-382-3422 (Approx. 2 pages)
Glossary
Drawdown
Drawdown can mean the act of borrowing under a loan agreement on a particular day. Drawdown is also sometimes used to refer to an amount of money that is borrowed on a particular occasion, although this usage is colloquial. A drawdown date is a date on which funds are borrowed under a loan agreement.