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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References in periodicals archive ?
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.
Amounts drawn under the holdback is donated to the owner after making the substitution of collateral.
Pursuant to Article 103 of the CMP, the holdback is paid off, or people that have granted their guarantee on first demand are released later than one month after the expiration of the warranty period.
On the work of major repairs carried out by order, a holdback of 5% of the original contract price (plus any amount of endorsements) will be formed.
Deposits and Guarantees required: In accordance with the Law of 16.07.1971, the holdback is 5% of the amount (TTC) in payments referred to in section 7.4.3 and is fully bondable if requested entrepreneur.
the guarantee of the holdback will be accepted only by the day of the presentation of the first situation.
Deposits and Guarantees required: Pursuant to Article 101 of the Public Procurement Code, a holdback will be charged by fractions of the amount of each payment by the accounting officer of payments.
Deposits and Guarantees required: A holdback of 5% VAT will be charged on the last term billing and will be paid at the end of the warranty period.