drawdown

Noun

drawdown (countable and uncountable, plural drawdowns)

1. The act of reduction or depletion (including through withdrawal or utilization).
   • The government initiated a drawdown of forces in the border region.
   • This imbalance causes the buildup of inventories during the summer months when consumption is low and the drawdown of inventories during the winter months when consumption is much higher.2011, Kenneth D. Lawrence, Ronald K. Klimberg, Advances in Business and Management Forecasting, page 32
   1. (US) The withdrawal of weapons, ammunition and other supplies from US stocks, and provision of it to another nation.
      • The presidential drawdown authority, a US foreign policy tool, allows for the speedy delivery of DoD stocks to foreign countries in crisis.2023 December 27, “US to provide Ukraine with up to $250m in arms and equipment”, in The Guardian, →ISSN
   2. A lowering in water level, as in a well or a reservoir.
      • From June to October 1992, an intensive reconnaissance survey of cultural resources exposed by a drawdown in lake elevation was conducted by the U.S. Army Corps of Engineers1995, John H. Dendy, Intensive Archeological Reconnaissance Survey of Newly Exposed Shoreline Resulting from the Drawdown of Harlan County Lake, Harlan County, Nebraska
2. The result of reduction, utilization, or depletion.
3. (A measure of) the decline from a historical peak in some economic or financial variable.
4. The process of a bank releasing previously agreed loan amount to the borrower, hence making it available for them to use.
5. The borrowing of funds from a financial institution, under the terms of a credit agreement.
   • The final lap in the drawdown of an approved loan or credit facility is the issue of an official instruction by the borrower to the lending bank.2016, Kenny Tay, Corporate and Business Lending: Setting the Standards
   • The financier exercises control over drawdown of the loan against presentation of stipulated documentation evidencing fulfilment of the pre-specified event or condition2020, Stephen A. Jones, editor, The Trade and Receivables Finance Companion, page 200