To withdraw funds from, e.g. to draw money from a bank account, to withdraw profits from a partnership or LLC.
Law Dictionary – Alternative Legal Definition
n. 1. A movable section of a bridge, which may be raised up or turned to one side, so as to admit the passage of vessels. 2. A depression in the surface of the earth, in the nature of a shallow ravine or gulch, sometimes many miles in length, forming a channel for the escape of rain and melting snow draining into it from either side.
(verb) – v. In old criminal practice.
To drag (on a hurdle) to the place of execution. Anciently no hurdle was allowed, but the criminal was actually dragged along the road to the place of execution. A part of the ancient punishment of traitors was the being thus drawn. 4 Bl. Comm. 92, 377.
In mercantile law. To draw a bill of exchange is to write (or cause it to be written) and sign it
In pleading, conveyancing, etc. To prepare a draft; to compose and write out in due form, as, a deed, complaint, petition, memorial, etc. Winnebago County State Bank v. Hustel, 119 Iowa, 115, 93 N. W. 70; Hawkins v. State, 28 Fla. 363, 9 South. 652.
In practice. To draw a jury is to select the persons who are to compose it either by taking their names successively, but at hazard, from the Jury box, or by summoning them individually to attend the court. Smith v. State, 136 Ala. 1, 34 South. 168.
In fiscal law and administration. To take out money from a bank, treasury, or other depository in the exercise of a lawful right and in a lawful manner. “No money shall be drawn from the treasury but in consequence of appropriations made by law.” Const. TJ. S. art. 1,1 9. But to “draw a warrant” is not to draw the money; it is to make or execute the instrument which authorizes the drawing of the money. Brown v. Fleischner, 4 Or. 149.