What does “Drawdown” mean in grants?
A request for payment of awarded federal funds through the agency's payment system, such as ASAP or PMS. You draw down money as you need it for costs you are about to pay.
A common mix-up
What people assume: A cut to your grant.
What it means in grants: Requesting your awarded federal money from the payment system.
Go further
The full guide: How federal grant drawdowns work, in ASAP and PMS.
Look up any other term in the grant glossary.
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