draw
verb [ T ]
uk/drɔː/ usdrew | drawn BANKING (also withdraw)
to get money from a bank or an account so that you can use it:
draw money/cash from sth Customers will be charged each time they draw cash from the cash dispensers.
The company is now able to draw money from the £10m loan it has negotiated with Royal Bank of Scotland.
FINANCE
to receive money regularly, especially as an employee or from the government:
The chief executive drew £1million last year in salary and bonuses.
draw a salary/pension
BANKING
to write out a cheque and receive money for it:
draw a cheque on an account/a bank Consumers nowadays routinely pay for goods not with cash or cheques drawn on their bank accounts but with credit cards.
US Dollar cheques can be accepted if they are drawn on a bank with clearing facilities in the UK.
FINANCE, COMMERCE
to write a bill of exchange (= document used in trade that orders payment for goods or services):
draw a bill of exchange on sb Bills of exchange are drawn on buyers and accepted when the seller hands over the bill of lading covering the goods.
Phrasal verbs
draw sth down
draw sth from sth
draw on/upon sth
draw sth out
draw sth up
draw
noun [ C ]
uk/drɔː/ ussomeone or something that attracts a lot of people:
With an ice rink and indoor turf field, the complex has been popular and a draw for out-of-town visitors.
a big/huge draw As in China, the big draw is India's massive and lucrative domestic market potential.
[ usually singular ]
an act of using some of the supply of something, especially oil or gas, or the amount that is used:
Oil prices continued to rise yesterday amid fears that figures from America will show another big draw on stocks.
something that uses up part of a supply of something:
The training program is a draw on all our resources.