Sentences with phrase «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
In 2015, the assistance holdback amount for her plan is $ 24,500.
At the end of escrow, we created a 90 - day holdback amount for uncompleted work.
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.
Under the 10 - year repayment rule, the entire assistance holdback amount ($ 24,500) would have to be repaid.
The holdback amount is the percentage of daily credit card sales applied to your advance.
There's a difference between the interest rate a business owner is charged for the advance and the holdback amount.
NOTE: There's a difference between the holdback amount a small business pays every day (as a percentage of their receivables) and the repayment amount for the entire advance.
DAPs are subject to withdrawal rules — part or all of the assistance holdback amount, the total of the grants and bonds that have been paid into the RDSPRDSP See Registered Disability Savings Plan.
The plan's assistance holdback amount will be reduced to $ 22,700.
Under the proportional repayment rule, only $ 1,800 of the assistance holdback amount has to be repaid.
For every $ 1 withdrawn from an RDSP, $ 3 of any CDSGs or CDSBs paid into the plan in the 10 years preceding the withdrawal must be repaid, up to the maximum of the assistance holdback amount — which is generally defined as the total amount of bonds and grants paid into an RDSP within a particular 10 - year period.
NOTE: There's a difference between the holdback amount a small business pays every day (as a percentage of their receivables) and the repayment amount for the entire advance.
Within two weeks of obtaining a probate certificate, Woods distributed her grandmother's estate to the beneficiaries except for a holdback amount.
She argued that the holdback amount was sufficient to satisfy Stevens» claim and pledged that if that amount was insufficient, she and two other beneficiaries would return funds to the estate to satisfy Stevens» claim.
Depreciation may also be referred to as a holdback amount.
Upon confirmation that the repairs are completed, we will release your depreciation / holdback amount.
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