holdback
American Heritage Dictionary:
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hold·back
(hōld'băk') 
n.
n.
- The act of holding back.
- Something held back.
- A device that retains or restrains.
- A strap or an iron catch between the shaft and the harness on a drawn wagon, allowing the horse to stop or back up.
Barron's Banking Dictionary:
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Holdback
Portion of a construction loan that is not funded until the project is nearing completion, or the borrower has satisfied certain performance requirements, such as leasing a majority of the units in the building. The amount kept back often is equal to the construction firm's expected profit when the building is completed.
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American Heritage Dictionary
The American Heritage® Dictionary of the English Language, Fourth Edition Copyright © 2007, 2000 by Houghton Mifflin Company. Updated in 2009. Published by Houghton Mifflin Company. All rights reserved.
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Mentioned in
Holdback Pay
(business term)
Floor Loan
(in banking)
Yo No Me Parezco a Nadie
(1997 Album by Bamboleo)
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