Definition of takedown

1. each participating investment banker's proportionate share of the securities to be distributed in a new or a secondary offering.
2. price at which the securities are allocated to members of the underwriting group, particularly in municipal offerings.

the time when a borrower actually accepts money from a lender under a line of credit or loan commitment.

Example: The real estate developer scheduled takedowns to obtain the money to:

1. buy land.
2. install utilities.
3. pave streets.
4. pour a foundation.
5. frame the building.
6. put on the roof.