draw down
phr. v..phr. v.. to use or take money from a fund or a supply that you have saved. You might do this with a bank account, a loan, or a natural resource.
phr. v.. to deplete a reserve, fund, or resource by withdrawing or consuming a portion of it; often used in financial, military, or environmental contexts.
She had to draw down her savings to pay for the car repairs.
The government plans to draw down the national oil reserves to lower fuel prices for consumers.
Investors were advised to draw down their pension funds gradually to minimize the impact of capital gains tax during the fiscal year.
Commonly used with objects like 'funds', 'savings', 'reserves', or 'loans'.
Contrast with 'withdraw' (general) and 'deplete' (formal); 'draw down' implies a systematic or planned reduction of a specific supply.
He drew down of his account.He drew down his account.The verb is transitive and takes a direct object without the preposition 'of'.