Meaning of the word "draw on" in English

What does "draw on" mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.

draw on

US /drɔː ɑːn/
UK /drɔː ɑːn/
"draw on" picture

Phrasal Verb

1.

to use information, experience, or knowledge that you have gained to help you to do something

Example:
She had a wealth of experience to draw on.
The artist will draw on her memories for inspiration.
2.

to use money from a particular source

Example:
You can draw on your savings if you need extra funds.
The company had to draw on its reserves to cover the unexpected costs.
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