Purlend Data Dictionary

domain-term proposed

Draw

Borrowing against a line's limit. Payments are quoted on the draw, interest-only, and the balance doesn't fall until the borrower pays above the minimum. A line can also sit in a repay phase where no further draws are allowed.

AudienceName
Engineering (code)draw
Design (UI label)
Borrower-facing
Do not use

Sources

Related

HELOC, Available to Draw

Referenced by

Available to Draw

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