- noun a part of a loan to a property developer which is not paid until the development is almost finished
Cars & Driving
- noun a mark-up, e.g. 2 percent, that the dealer pays the manufacturer on each new car that is added to his stock; this amount is rebated to the dealer after the car is sold
- A safety device on a conveyor to prevent reverse motion of the belt automatically.
- Funds retained until specific events occur or work is completed.