draw money

USAGE SUMMARY

The phrase "draw money" is correct and usable in written English.
It can be used when referring to the act of withdrawing cash from a bank account or financial institution. Example: "I need to draw money from the ATM to pay for my groceries."

✓ Grammatically correct

News & Media

Formal & Business

Human-verified examples from authoritative sources

Exact Expressions

58 human-written examples

An EPS can draw money from the social-security pot for each person it insures.

The Economist

- Do you draw money out of the Green Audit account for your own use?

The Guardian

How can they open a foreign bank account with no identification, or draw money from it?

The Guardian - Money

And yet they continue to draw money from limited partners casting about for sorely needed higher yields.

The New York Times

The houses were meant to draw money from millions of pious Turks who shunned sinful interest in favour of gold.

The Economist

Industry experts say these personalized funds are more likely to draw money away from mutual funds than from brokerage accounts.

The New York Times

ERRORS Some people fear giving companies the ability to draw money from their bank accounts because they worry about mistakes.

The New York Times

Using one to draw money from an A.T.M. costs $1.95 plus whatever the A.T.M.'s owner tacks on.

The New York Times - Magazine

These longer life expectancies have put the plan in jeopardy, because they draw money out of the plan".

The New York Times

But without a loan, his wife has had to draw money from her I.R.A. to help out.

The New York Times

These lightly regulated institutions draw money from wealthy people and cash-rich companies, promising better rates of return than banks are allowed to offer.

The Economist

Expert writing Tips

Best practice

When writing about financial transactions, ensure clarity by specifying the source and destination of the money being drawn. For example, "draw money from a savings account" provides more context than simply "draw money".

Common error

Do not use "draw money" without specifying the source. For instance, instead of writing "the company can draw money", specify "the company can draw money from its reserve funds" to provide clarity.

Linguistic Context

The phrase "draw money" primarily functions as a verb phrase. It describes the action of obtaining funds from a particular source, whether it's a bank account, investment, or other financial resource. As Ludwig AI indicates, the phrase is correct and usable.

Expression frequency: Very common

Frequent in

News & Media

72%

Formal & Business

20%

Wiki

3%

Less common in

Science

2%

Encyclopedias

1%

Academia

2%

Ludwig's WRAP-UP

In summary, the phrase "draw money" is a versatile and commonly used verb phrase that describes the action of obtaining funds. As Ludwig AI confirms, it is grammatically correct and suitable for various contexts, particularly in news and business. When using the phrase, it's important to provide context by specifying the source of the funds to avoid ambiguity. Alternatives such as "withdraw funds" or "obtain financing" can be used to provide more specific meaning.

More alternative expressions

Phrases that express similar concepts, ordered by semantic similarity:

withdraw funds

Focuses specifically on the act of taking money out of an account or fund.

attract investment

Emphasizes the action of bringing in money from investors.

obtain financing

Highlights the process of getting financial resources.

secure funding

Focuses on the successful acquisition of financial resources.

raise capital

Refers to the process of gathering money for a specific purpose, like starting a business.

access capital

Highlights having the possibility to get financial resources.

generate revenue

Highlights the creation of income through business activities.

extract payment

Focuses on removing a payment from a source.

get credit

Focuses on receiving credit which can later be transformed into liquid money.

solicit donations

Refers specifically to requesting money from individuals or organizations.

FAQs

How can I use the phrase "draw money" in a sentence?

You can use "draw money" to describe withdrawing funds from a source, such as "I need to "withdraw money" from my account" or "The company can "obtain financing" from investors".

What are some alternatives to saying "draw money"?

Depending on the context, alternatives to "draw money" include "withdraw funds", "obtain financing", or "raise capital".

Is it better to say "withdraw money" or "draw money"?

While both are acceptable, "withdraw money" is often more specific to taking money out of an account. "Draw money" can also imply attracting or obtaining funds from various sources.

What's the difference between "draw money" and "attract investment"?

"Draw money" is a general term for obtaining funds. "Attract investment" specifically refers to bringing in money from investors for a business or project.