A statutory holdback arises when someone employs a contractor to do some work. A percentage of the agreed contract amount is held back for a period of perhaps 45 days after completion to ensure all parties are satisfied with the work before payment is completed.
The Car Coach - 2011 What Is Holdback was released on: USA: 12 November 2012
A holdback can mean an object that is used to hold something back. It is also a term used in car sales for money that is paid by the car manufacturer to its dealers when they sell one of its cars.
"Holdback" jail inmates, are inmates that are being held back for state and federal prison systems, as well as other local correctional agencies. Almost all of the "holdback" jail inmates were being delayed due to overcrowding in adult prisons for felony offenders. This answer was provided by my "Corrections in America" an Introduction book, that I use in my Criminal justice class. Written by: ALLEN, LATESSA, PONDER, SIMONSEN
Holdback funds are a portion of the total payment in a contract that is withheld by one party until certain conditions are met, such as the completion of work or the resolution of specific issues. This practice is common in construction and real estate transactions, where it serves as a safeguard to ensure that contractors or service providers fulfill their obligations. The holdback amount typically encourages timely project completion and compliance with contractual terms. Once the conditions are satisfied, the funds are released to the appropriate party.
Statutory Body
what is the difference between statutory audit and non statutory audit.
statutory expenses
What is statutory inducements
A statutory body deals with written law; non-statutory deals with implied law.
what is statutory fund
There is no statutory lending ratio.
==One Answer== There is no textbook definition for a "statutory estate" in the U.S. Perhaps you are referring to the statutory right of a spouse to waive the will and take a statutory share of the estate instead.