Meaning & use

holdbacks

noun·Advancedbusinessfinance

Last updated

UK/ˈhəʊldbæks/
US/ˈhoʊldbæks/

“holdbacks” is a form of “holdback”. See that entry for the full set of meanings.

Meanings

  1. nouncountablebusinessfinance

    amounts of money kept back from a payment, often until a job is completed or a condition is met

    Grammar: Usually used in the plural; a single one is 'a holdback'.

    Patterns

    • holdbacks on something
    • holdbacks from a payment

    The builder agreed to 10% holdbacks until the final inspection.

    The contract includes holdbacks for any unfinished work.

  2. nouncountablebusiness

    items or stock that are kept back from sale or from being shown

    Grammar: Often used in retail contexts; usually plural.

    Patterns

    • holdbacks of something
    • holdbacks in a store

    The store's holdbacks include damaged goods and seasonal items.

    We keep holdbacks in the back room until the sale starts.

Word forms

singularholdback

Common combinations

holdback amount
The holdback amount is 5% of the total contract.
holdback period
The holdback period lasts for 30 days after completion.
release holdbacks
The client will release holdbacks once the work is approved.

Synonyms and how they differ

retention
More formal and common in legal and construction contracts; it means the same as 'holdback' in that context.
reserve
A sum of money set aside for a specific purpose; broader than 'holdback'.

Opposites

payoutrelease

Word family

hold back phrasal verb
To prevent from advancing or to keep something for later.

Commonly confused: holdbacks or hold up?

holdbacks vs hold up

'Hold up' means to delay or to rob, while 'holdback' is a noun for money or items kept back.

Practice

The contract specifies that ______ will be paid after the project is finished.

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