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Glite Dictionary
🎨 To draw again 🖥️ To update display 💸 To take money again 🏦 A loan feature
to redraw

to redraw

1 5.8
To take back money you already paid into a loan
  • verb
  • /ˌriːˈdrɔː/
  • Australian
translation icon : retirar de
  • After making extra payments last year, he was able to redraw these funds for a new car.

Examples

  • The bank allows customers to redraw funds from their loan accounts if they have made additional payments.

  • College football redraws the map.

    Blog text (20)

  • From the time of King Faisal I, Iraq has attempted to play a leading role in the region and redraw its borders, but has been thwarted by Britain.

    Academic text (1991)

  • She decided to redraw some of the funds she had deposited into her mortgage account for renovations.

How Large

to pay out
42 3.8
to redraw
  • Australian
1 5.8
to withdraw
159 3.5

Surface Forms

redraw infinitive
redrawing present participle
redraws third person singular
redrew past
redrawn past participle

Morphology

redraw = draw (semi-transparent) = re + draw

The formation is logical ('again' + 'draw' = withdraw again) but the financial sense of 'draw' (withdraw funds) is specialized and may be less obvious to some learners.

Etymology

Redraw in finance comes from re- 'again' and draw 'to take out', the same idea you see in the word withdraw, which means to take money out. So, to redraw funds is to 'take out again' money you have already paid into a loan.