The University of South Carolina (also referred to as USC, SC, South Carolina, or simply Carolina) is a public, co-educational research university located in Columbia, South Carolina, United States, with seven satellite campuses.
What is a 'Drawdown' A drawdown is the peak-to-trough decline during a specific recorded period of an investment, fund or commodity. A drawdown is usually quoted as the percentage between the peak and the subsequent trough. Those tracking the entity measure from the time a retrenchment begins to when it reaches a new high. BREAKING DOWN 'Drawdown' This drawdown method of recording is useful because a valley can't be measured until a new high occurs.
Function. The draw period provides the borrower with the flexibility to access additional funds as needed without the extra expense of taking all the funds at once, and thus paying interest on an amount that is more than actually needed.