Some firms have dealt with the problem by drawing down their cash reserves.
English dictionary. 2014.
draw|down — «DR DOWN», noun. 1. the lowering of a fluid level by pumping, as in a well. 2. the extent of such lowering. 3. U.S. a reduction; cutback: »In what may be the beginning of a worldwide drawdown, the President announced that 14,900 troops will be… … Useful english dictionary
draw down — transitive verb 1. : to be the cause of : attract their behavior drew down a storm of protest 2. : earn, receive drew down full pay 3. : expend … Useful english dictionary
draw down on something — ˌdraw sthˈdown (from sth) | ˌdraw ˈdown on sth derived (especially NAmE) (BrE usually draw) (finance) to take money from a fund that a bank, etc. has made available • … Useful english dictionary
draw down (to)/drawdown — Reduce; amount that has been borrowed under a loan agreement. ► “In boom times, business adds to inventories at an increasing rate, which aids gross domestic product growth. But in recession, inventories start looking menacing. They are the… … American business jargon
draw down — /drɔ: daυn/ verb to draw money which is available under a credit agreement … Dictionary of banking and finance
draw down — transitive verb Date: 1949 to deplete by using or spending … New Collegiate Dictionary
draw down — (Roget s Thesaurus II) verb To use all of: consume, dram, eat up, exhaust, expend, finish, play out, run through, spend, use up. Informal: polish off. See INCREASE … English dictionary for students
Draw down — An ISO term. An instruction to reduce the balance of the sender s account serviced by the receiver by a payment to the sender s account at another financial institution … International financial encyclopaedia
draw — [drɔː ǁ drɒː] verb drew PASTTENSE [druː] drawn PASTPART [drɔːn ǁ drɒːn] [transitive] BANKING 1. also draw out to take money from your bank account … Financial and business terms
draw something down from something — ˌdraw sthˈdown (from sth) | ˌdraw ˈdown on sth derived (especially NAmE) (BrE usually draw) (finance) to take money from a fund that a bank, etc. has made available • … Useful english dictionary
