Words / D / Business

drawdown

noun/ˈdrɔːdaʊn/

B2CEFR level
55/100Rarity: uncommon
TechnicalRegister

The act of withdrawing funds from an available credit facility, or the peak-to-trough decline of an investment.

The company scheduled its first drawdown on the credit line to fund the acquisition.

Topic: Banking in Business English

Rarity runs from 0 (a word everyone knows) to 100 (almost never seen outside specialist or literary writing). Level is the word's real difficulty on the CEFR scale, from A1 to C2.

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More business words: Banking