Draw-down Rate definition
Draw-down Rate means the amount of Annuity Income, expressed as a percentage of your Investment Balance that you select each year, which must fall within the legislated limits.
Examples of Draw-down Rate in a sentence
The Series C Bonds initially shall bear interest at the applicable Drawdown Rate (as defined in the Subordinate Trust Agreement) in accordance with Section 2.02(e) of the Supplemental Trust Agreement.