draw down

1. Deplete by consuming or spending, as in The government worries about drawing down our oil reserves.

Example Sentences

The Israeli military is beginning to draw down the number of its reservists serving in Gaza and other arenas, in a sign that it is reducing the intensity of fighting after two years of war and as the U.S.-brokered cease-fire holds.

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The Israeli military will draw down thousands of reservists, according to a person familiar with the matter.

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The decision to draw down the forces is a sign that Israel is in a state of transition that isn’t full-on war but also isn’t back to normal yet, Gittleman said.

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Those who are denied benefits in their 50s would be forced to draw down any savings they have, which could lead them to apply for Social Security’s retirement benefits at age 62 instead of 67.

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Another caveat: If you’re under 59 ½ years old and you do end up needing to draw down some of that money, you’d be hit with a 10% penalty if the money is in an account under your name before you reach that age for penalty-free distributions.

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