Phrases with «holdback amount»

A "holdback amount" is a sum of money that is set aside or withheld temporarily as a form of protection or security. It is commonly used in business transactions or contracts to ensure that certain obligations are fulfilled before the full payment is released. Once the obligations are met, the holdback amount is then disbursed accordingly. Full definition

Sentences with «holdback amount»

  • In 2015, the assistance holdback amount for her plan is $ 24,500. (taxplanningguide.ca)
  • At the end of escrow, we created a 90 - day holdback amount for uncompleted work. (realtormag.realtor.org)
  • The plaintiffs have also satisfied me that their claims to the $ 10,000 holdback amount far exceed the amount of the holdback and they are entitled to the immediate payment out of court of the holdback. (slaw.ca)
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