The University of South Carolina (also referred to as USC, SC, South Carolina, or simply Carolina) is a public, co-educational research university located in Columbia, South Carolina, United States, with seven satellite campuses.
What is a 'Drawdown' A drawdown is the peak-to-trough decline during a specific recorded period of an investment, fund or commodity. A drawdown is usually quoted as the percentage between the peak and the subsequent trough. Those tracking the entity measure from the time a retrenchment begins to when it reaches a new high. BREAKING DOWN 'Drawdown' This drawdown method of recording is useful because a valley can't be measured until a new high occurs.
The death benefits of drawdown. 1  They can use the fund to buy an annuity in their own name. 2  Alternatively, they may wish to continue with the drawdown. In this case, drawdown limits will be recalculated on the dependant's age, fund value and gilt rate applicable at the point of death.