[title]Family quotes[/title] [description]Welcome to our family quotes section! Here you'll find some of the funniest (and wisest) quotes on the subject of family life![/description]
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Latest post Tue, Oct 3 2006 8:17 PM by Magda. 10 replies.
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Magda  +  275474 Tue, 03 Oct 06 12:42 AM
Hi,
could you tell me what does "to draw debts" mean?

Thank you
Joined on Sat, Sep 9 2006
Full Member 445
Marius Hancu  +  275482 Tue, 03 Oct 06 01:10 AM
Is this in finances or in poker?Smile [:)]

draw:
to take money from a place of deposit

to draw debt
probably: to take money (say a loan from a bank) and thus accumulate debtSad [:(]
Joined on Wed, Apr 26 2006
Veteran Member 11,673
Magda, 3 yr 54 days ago
Hi Marius,
it is in finance Smile [:)]

Thanks for your reply.

Grammar Geek  +  275502 Tue, 03 Oct 06 03:22 AM

Magda, can you give us the whole sentence, please? This isn't phrasing that I"m familiar with, and I have some knowledge of U.S. financial terms.  Perhaps it's British, but I'd like to see the whole thing.


Thanks,

Barb

Joined on Tue, Jan 10 2006
Veteran Member 19,681
Barbara, who answers in American English. My housekeeping skills attest to the truth of the second law of thermodynamics: Left to themselves, things get more and more random!
Magda  +  275597 Tue, 03 Oct 06 10:02 AM
Hi Barbara,
here are the sentences:
"Many multinationals will draw down debts and make new acquisitions."
"No landlord should use you to collect rent or draw debts, because I know that is what is rampant today."

Best regards
Magda

Inchoateknowledge  +  275602 Tue, 03 Oct 06 10:33 AM

Hej pa dig,

"We help international businessmen draw debts owed them by their cutomers especially when such erred cutomers are in Africa"

 

draw debts = collect it

Joined on Wed, May 3 2006
Senior Member 2,549
Beep! Beep! :)
Magda, 3 yr 53 days ago
Thank you, Inchoateknowledge.


Grammar Geek  +  275706 Tue, 03 Oct 06 04:13 PM

I believe that "draw DOWN debts" means to pay off your debts. That will have a very different meaning from simply "draw debts."

Magda  +  275740 Tue, 03 Oct 06 05:51 PM
I see. And what is the actual meaning of "down debts"? How "debts" are different from "down debts"?  Thinking [*-)]


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