Talk:drawdown
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Rfd-sense: "(banking) The process of a bank releasing previously agreed loan amount to the borrower, hence making it available for them to use."
This definition bothers me because it implies that the bank does some kind of work other than verifying that the borrower has fulfilled the conditions for actually obtaining the funds specified in a credit agreement. Obviously there are two parties to the transaction, but the term drawdown itself suggests that the "drawer" is the active party, not the "drawee", which is also the reality of the situation. DCDuring (talk) 18:48, 14 April 2022 (UTC)
- Here the borrower gets the active role: “Drawdown can mean the act of borrowing under a loan agreement on a particular day. Drawdown is also sometimes used to refer to an amount of money that is borrowed on a particular occasion, although this usage is colloquial.” Note the secondary, colloquial sense, which we don’t have but presumably can be attested. The bit “on a particular day” seems to be a customary agreement but too specific in general. --Lambiam 10:43, 16 April 2022 (UTC)
- It seems to me that sense 4 is subsumed by the newly added sense 5. It is just an awkward and slightly (but unnecessarily) more specific definition, so (IMO) it can safely be dismissed. --Lambiam 17:51, 22 April 2022 (UTC)
- It's much more intuitive, too. Agree with this. Theknightwho (talk) 10:44, 2 May 2022 (UTC)
Interesting. There's a different interpretation for drawdown in insurance (certainly in the UK, where I work). When someone has a policy that involves a fund value, they may be contractually able to withdraw money from their fund. When they do withdraw money, that is known as drawdown. The difference from the current sense ("borrowing of funds") is that the fund value always belongs to the policyholder; it is not borrowed. The fund value has been built up by premiums that the policyholder has paid in. It's sometimes called "income drawdown" but most typically just "drawdown". You can see this facility in any type of product that builds up a fund value (pensions, endowments, bonds). -Stelio (talk) 10:37, 16 May 2022 (UTC)
- RFD-kept: no consensus after many months. Very little participation; can be renominated if required. --Dan Polansky (talk) 18:57, 3 September 2022 (UTC)