holdback

Definitions

Banking

  • 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

Construction

  • A safety device on a conveyor to prevent reverse motion of the belt automatically.
  • Funds retained until specific events occur or work is completed.
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