drawdownnoun [ C or U ]
uk/ˈdrɔː.daʊn/us/ˈdrɑː.daʊn/a situation in which someone takes an amount of money that has been made available:
There was no record of a drawdown of funds from the account.
The income drawdown plan allows you to keep your fund invested in the stock market after retirement while you draw an annual income from it.
Thesaurus: synonyms and related words
Withdrawing money
- atm
- automatic teller machine
- cash dispenser
- cash machine
- cashback
- cashpoint
- clear
- debit
- dip
- dip into sth
- draw
- hole in the wall
- lay
- lay sth out
- overdrawn
- take
- take sth out
- withdraw
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