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drawdown

1 6.3

Taking money from a pension or retirement account to use as income

noun
/ˈdrɔːˌdaʊn/

: retiro de fondos

The drawdown from his retirement account helped him travel across Europe for the summer.

Examples

During retirement, she began her monthly drawdown from her pension to cover living expenses.
In retirement, preservation of capital—or its orderly drawdown, absent bequests—is key.

Blog text (17)
After reaching the age of 65, many retirees start their drawdown to receive regular income from their savings.

Synonyms

withdrawal

vsdrawdown

44 3.7

Taking money out of a bank account or investment

is specific to taking retirement funds to provide income in later life

Antonyms

deposit

241 3.3

Money paid in advance to hold or secure something

How Much

exhaustion

2 3.3

drawdown

1 6.3

withdrawal

44 3.7

payout

48 3.4

Surface Forms

drawdown singular

drawdowns plural

Morphology

drawdown = draw (semi-transparent) = down + draw

Derived from 'draw down' meaning to withdraw funds, but the usage for pension/retirement withdrawals is a domain-specific financial sense that may be unfamiliar to basic learners. [Postprocessing: moved 'down' from base_words to prefix]

Etymology

Drawdown comes from draw ('take out') and down ('from a fund or account'). Think of taking money out of your savings so the balance goes down. So, a drawdown is withdrawing money from a pension or retirement account for income.