What does PDP mean in Banking?
This page is about the meanings of the acronym/abbreviation/shorthand PDP in the Business field in general and in the Banking terminology in particular.
Principal Drawdown Period
The agreed time period between the first drawn down on a loan and the final draw down on a loan, up to the agreed loan limit. In construction finance - where the loan money (principal) is needed in stages to pay the construction company - the principal drawdown period will be mapped to the timing of the payments to the construction company.
Submitted by WerterBuch on June 29, 2013
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"PDP." Abbreviations.com. STANDS4 LLC, 2024. Web. 26 Apr. 2024. <https://www.abbreviations.com/term/1440985>.
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