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first drawdown

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first drawdown

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what is the definition of bank "drawdown"

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To drawdown a loan simply means using the money, i.e actually having it transferred from the bank to your account. You will be charged interest from the date of the drawdown.

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The word drawdown is a noun, not a verb, so it doesn't have a past tense.

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Drawdown is the distance between the original water table and the water level in the well.

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