Business and Personal Finance Dictionary

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• DRAW DOWN - To access available loan funds, might refer to a staged loan for property constructions, or...
  
  
• DRAW PERIOD - On a line of credit, the draw period is the fixed time when a borrower can make withdrawa...
  
  
• DRAWBACK - A tax or duty rebate on imported goods that are exported at a later date.
  
  
• DRAWDOWN - The state in which the borrower obtains some of the project financing, usually progressively...
  
  
• DRAWDOWN WIRE - a company initiates instructions to debit its own or another party's account (with auth...
  
  
• DRAWEE - The party to whom a check or draft is written. Also called payee.
  
  
• DRAWEE BANK - the bank on which a check is drawn
  
  
• DRAWER - the party who issues an order, draft, check or bill of exchange.
  
  
• DRAWING ACCOUNT - an account used to track withdrawals
  
  
• DRAWOR - The party who writes a draft or check against funds he or she owns. Also called payor.