draw down verb4 •To lower (curtains, a portcullis, etc.). •To reduce (e.g. by withdrawal).If there is confidence that the current strategy is working, then that should enable the United States to steadily draw down its forces starting in July, based on conditions on the ground,[…] — 2010 •To initiate a drawdown (withdrawal of equipment, supplies, etc., potentially to provide it to another party). •To acquire or pull in, as funding.We need to draw down 10 million dollars. formsdrew down · drawn down · drawing down · draws down