drawdown

 
Pronunciation: /ˈdrɔːdəʊn/

noun

  • 1a reduction in the size or presence of a military force: the unit is the first to leave Germany as part of the drawdown
  • an act of drawing on available funds or loan facilities: a drawdown on investment capital
  • a withdrawal of water, oil, or gas from a reservoir or repository: drastic drawdowns can render shorelines unusable for other economic activities and largely uninhabitable for wildlife
  • 2a decline in an investment or fund: the drawdown seemed to be concentrated in the smaller hedge funds