1. A financing arrangement where funds are disbursed to the borrower in stages or tranches rather than in a lump sum, typically based on project milestones or progress
The construction project utilized draw-down financing to ensure funds were released only as work was completed.
O projeto de construção utilizou financiamento por desembolsos para garantir que os fundos fossem liberados apenas conforme o trabalho era concluído.
2. A credit facility where the borrower draws funds as needed up to an agreed-upon limit
The company negotiated a draw-down financing facility of $5 million with the bank.
A empresa negociou uma linha de crédito com desembolsos de $5 milhões com o banco.