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.
See also: amount, draw, 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.
We were delighted with the way we played but I think we set our standards a little bit higher than drawing against people.
Because the expansion fee money was not used to pay for ongoing operations, the Spurs had to begin drawing against the line of credit in late January.
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.
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.