Financial

Holdback Pay

Holdback Pay

Money withheld from an employee's paycheck regularly until certain conditions are met. For example, an employer may be required to hold back pay until an employer pays back taxes or back child support.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved
Copyright © 2003-2025 Farlex, Inc Disclaimer
All content on this website, including dictionary, thesaurus, literature, geography, and other reference data is for informational purposes only. This information should not be considered complete, up to date, and is not intended to be used in place of a visit, consultation, or advice of a legal, medical, or any other professional.