holdback


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holdback

Retainage; amounts withheld from payment until certain goals have been reached.

Example: A lender holds back funding the balance of a loan until stabilized occupancy has been reached, or a homeowner holds back the final 10 percent of a construction contract price until after completion of all inspections.

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While most escrow arrangements or holdback agreements will provide some restriction or limit on a seller's right to escrowed funds, it cannot be assumed that every restriction will be sufficiently substantial to avoid application of the constructive receipt doctrine.
While most escrow arrangements or holdback agreements will afford sellers the opportunity to use the installment method, this is not always the case.