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Retention money is a payment of money that is given to a business or service provider prior to services or products being delivered. This money is given refunded should the services or materials not be delivered or acceptable.

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What is retention receivables?

Retention is the amount withheld by a customer until a contract is completed.orRetention is an amount held back from the final payment until the end of a defects liability period. It is to protect the client by ensuring that all defects are corrected within a reasonable time frame after the project is signed off as completed. This money is a receivable, but it is conditional on the defects being remedied to the client's satisfaction. They are accounted for separately because they are conditional.


What does dirt stand for in business term?

deposit interest retention tax


What is the difference between risk retention and self insured?

Risk retention refers to the ability to accept risk and or can be referred to as risk taking, however self insured refers to a situation when someone is very much hopeful


What is retention money or security money?

When you rent an apartment, landlords usually ask for a security deposit equal to a month's rent. Renters can potentially cause all sorts of problems for landlords, they can damage the property that they rent, they can refuse to pay their rent, etc. This way landlords have at least some ability to penalize a tenant who causes these kinds of problems, by refusing to return the security deposit (in part or in full).


What are the advantages of pre tax parking benefits for employees?

Pre-tax parking benefits for employees can help save money by reducing taxable income, making parking expenses more affordable. This benefit can also increase employee satisfaction and retention by providing a valuable perk that helps with commuting costs.

Related Questions

What is advance against retention money?

no


What is the difference between relative retention time and retention time?

Retention time is the time it takes for a compound to travel from the injection point to the detector in chromatography. Relative retention time is the ratio of the retention time of a compound to that of a reference compound in the same chromatographic system. It is used for comparing the behavior of different compounds on the same chromatographic column.


What hormone causes salt retention?

Aldosterone will cause salt-retention and thereby H2O retention because of the osmotic gradient.


Employee Retention strategies by reliance?

it has no such policy....... if u want to leave pl pay back all your money earned and leave. there is no one who will stop you.


What is the base word of retention?

The base word of "retention" is "retain."


Is retention bonus eligible for 401K?

Retention bonuses are not 401K Elegible.


What is the meaning of cultural retention?

what is the meaning of cultural retention i need the meaning


What is the maximum retention amount in construction contracts?

Limit of retention is the maximum amount that can be retained in the construction contract. Suppose the retention % is 5% and limit of retention is 10%. On a contract value of Rs100.00. The first claim amounts to Rs20.00. Retention is Rs1.00 and net payment is Rs 19.00


What does cultural retention mean?

cultural retention is where practices of the past follows into the present


How do you make a sentence using retention?

This water retention is causing me to gain weight.


Can general anesthesia cause fluid retention?

Can anesthesia cause fluid retention


What are the personnel acquisition and retention of pure foods company?

what are the personnel acquisition and retention of pure foods company? what are the personnel acquisition and retention of pure foods company?