draw against (an amount of money)

(redirected from drawing against)

draw against (an amount of money)

To withdraw an amount of money that one is expecting but has not yet received. I know we don't get paid until next week, but my car broke down today, so I need to draw against my paycheck.

draw against an amount of money

to withdraw money from something in advance. I can draw against my allowance—at least a small amount. You cannot draw against your salary.

See also: amount, draw, money, of

References in classic literature ?

Paul of Merely was a brave man and he liked not the idea of drawing against this stripling, but he argued that he could quickly disarm him without harming the lad, and he certainly did not care to be further humiliated before his comrades.

View in context

England climbed to joint sixth despite struggling to beat Slovakia and only drawing against Macedonia last week, while Northern Ireland are 98th and the Republic of Ireland 14th.

Football: Prize beckons as Wales storm up rankings

752(b) resulting from a cancellation of debt as an advance or drawing against the partner's distributive share of cancellation of indebtedness income under Regs.

Partner's deemed distribution is advance accounted for at end of partnership year