Definition of Holdback:
Contracting: Portion of payment to a contractor held by a customer until the job is finished to the customers satisfaction.
Banking: (1) Portion of a construction loan amount that is not released until a certain stage (such as completion of the foundation) is reached. (2) Portion of a merchants revenue held by a credit card processor to cover possible disputed charges, chargeback fees, and other such expenses.
General: (1) Sum of money that remains unpaid until certain conditions are met. (2) Sum of money kept as a reserve to cover certain contingencies.
A thing serving to hold something else in place.
Synonyms of Holdback
Arrest, Arrestation, Arrestment, Bearing rein, Bit, Blockage, Blocking, Brake, Chain, Check, Checkrein, Chock, Clog, Clogging, Closing up, Closure, Constriction, Countercheck, Cramp, Curb, Curb bit, Damper, Delay, Detainment, Detention, Doorstop, Drag, Drag sail, Drift anchor, Drift sail, Drogue, Fetter, Fixation, Foot-dragging, Hampering, Hindering, Hindrance, Holdup, Impediment, Inhibition, Interference, Interruption, Let, Martingale, Negativism, Nuisance value, Obstruction, Obstructionism, Occlusion, Opposition, Pelham, Remora, Repression, Resistance, Restraint, Restriction, Retardation, Retardment, Scotch, Sea anchor, Setback, Shackle, Snaffle, Spoke, Squeeze, Stay, Stop, Stranglehold, Stricture, Suppression, Trammel
How to use Holdback in a sentence?
- There was a holdback of fifty percent on the deal to ensure it is completed exactly as it was agreed upon.
- A curtain holdback.
- For vendors accepting American Express there is a holdback of fifteen percent of every purchase for forty five days to verify customer satisfaction.
- The mob hitman was paid half up front, and was told the rest would be kept in holdback until he brought the severed head, and perhaps a few fingers as well for posterity.
Meaning of Holdback & Holdback Definition