From Longman Dictionary of Contemporary Englishdraw something ↔ down phrasal verbto obtain money that it has been agreed that you can borrow, or to use money that has been saved He drew down the final $25 million of the loan. → draw→ See Verb tableFrom Longman Business Dictionarydraw something → down phrasal verb [transitive]FINANCE1to obtain money as part of a loan that has already been agreed, or to use money that has been savedHe drew down the final $25 million of the Bankers Trust loan.A lot of Japanese people will soon reach retirement and begin to draw down their life savings.2to use something that has been reserved or storedConsuming nations should draw down their high oil inventories before asking OPEC to produce more. → draw→ See Verb table
