Meaning & use
Holdback
Last updated
Something that restrains progress, or a portion of a payment withheld until certain conditions are met.
See it in a sentence
The escrow agreement included a ten percent holdback until the repairs were completed.
Outdated regulations were the main holdback preventing the industry from modernizing.
A note on using this word
In business and construction contracts, a 'holdback' is a common tool to ensure a contractor finishes all agreed work before receiving full payment.
Words with a similar meaning
retainerrestraint
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