A portion of the revenue generated from a merchant's credit card transactions, which is held in reserve by the acquiring bank to cover possible future disputed charges, fees and other expenses. After a predetermined time, holdbacks are released and deposited into the merchant's checking account, usually with no interest accumulated.
Means the amount between 0 and 20 percent of an Award to be held back by the Foundation until the Final Programmatic and Financial Report is approved by the Project Manager and his or her Program Staff Director, in their discretion reasonably exercised.
A contractual condition in which money is withheld... Add a comment
A portion of the revenue that is held in reserve by the merchant account provider to cover any possible chargeback fees and disputed charges. Holdbacks are returned to the merchant after a predetermined period of time.
A portion of funds held in escrow for the completion or repair of some aspect of improvements on a parcel of real estate. Generally, a holdback will be required by a lender at an amount equal to one and one-half times the cost of the item in question.
A fee deducted each month as a form of insurance against refunds or chargebacks--the balance of which is returned to the client every 6 months
an amount of money held back at closing by the lender or the escrow agent until a particular condition has been met
an amount withheld from the borrower under permanent financing until a certain occupancy rate is achieved
that portion of a payment(s) under contract that is withheld until certain conditions relating to satisfactory performance as determined by the contract have been met. 4.3.17
The portion of a loan not paid out to the borrower until a certain requirement is completed. For example, a lender may release 10% of the total amount of a loan on completion of the foundation, an additional 15% when rough plumbing is in, etc.
An amount of money withheld by the lender during the progress of construction of a house to ensure that construction is satisfactory at every stage. The amount of the holdback is generally equivalent to the estimated cost to complete construction.
An amount of money withheld by the lender during the construction or renovation of a house to ensure that construction is satisfactorily completed at every stage. The amount of holdback is generally equivalent to the estimated cost to complete construction.
Portion of a loan held back by the lender until a contingency is met. In the sale of a home insured by V.A. or F.H.A., funds may be held back to make necessary improvements to bring the property to V.A. or F.H.A. standards. The money to make "these" repairs may not be available until closing. One and one half to double the estimated amount necessary is held back. If repairs are not made in the time allowed, these funds are used to make the repairs. In construction financing, funds are held back until, for example, a certain percentage of a subdivision has been sold, or a certain portion of a building has been completed.
An amount of money withheld by the lender during the progress of construction of a house to ensure that construction is satisfactory at every stage. A standard holdback amount is 10% of the total cost of the building project.
An amount of money required to be withheld by the lender during the construction or renovation of a house to ensure that construction is satisfactorily completed at every stage.
A portion of a fee which is withheld pending the achievement of a specified outcome or result. Often used in a risk situation, it can be used to strengthen the capacity to enforce a contract provision.
An amount of money withheld by the lender, often during the progress of construction of a house to ensure that construction is satisfactory at different stages. This can also refer to an amount of money held back by a buyer (through their lawyer) until the fulfillment of an obligation or promise is made by the seller.
Funds not released under a construction loan agreement due to a failure to lease up to a required minimum.
A percentage of a contract price which is retained by a contractor or lender until the project is complete and all bills for that project are paid. The percentage may be set by custom or by statute.
A sum of money withheld by the lender during the construction or renovation of a house to ensure that construction is satisfactorily completed at every stage. The standard holdback is 10% of the total cost of the project.
An amount of money held back at closing by the lender until a particular condition has been met. If the problem is a repair, the money is kept until the repair is made. If the repair is not made the lender uses the money to make the repair. Buyers and sellers may also have holdbacks between them, to ensure that specific conditions of the sale are met.
Funds not issued in a construction loan due to failure to lease up to required minimum.
A portion of the merchant account holders revenue or funds held by the merchant account provider for future unplanned bills like charge backs, late charges and other expenses. The majority of providers do not do this.
The amount of money withheld by the lender during construction of a property to ensure that construction at every state is satisfactory.
That portion of a loan commitment not funded until some additional requirement such as rental or completion is attained. In construction it is a percentage of the contractor's draw held back to provide additional protection for the interim lender, often in an amount equal to the contractor's profit.
An amount of money retained by a construction lender or owner until satisfactory completion of the work performed by a contractor.
The percentage of the net revenue generated, which is held by the operator service provider (OSP) for uncollectibles and fraud.
A portion of each payment that remains unpaid until such time as the job is completed to your satisfaction and/or any liens placed against your property by the contractor's debtors are discharged.
A portion of the progress payments called for under the terms of a contract which is not payable until the contract has been completed.
Also referred to as a reserve. This is a fee held back from a merchant's credit card transactions to cover any possible charge backs, and other disputed charges that a merchant may encounter. Usually, after a time, the hold backs are returned to the merchant.
A portion of the revenue from a merchant's credit card transactions, held in reserve by the merchant account provider to cover possible disputed charges, charge back fees, and other expenses. After a predetermined time, holdbacks are turned over to the merchant. Note: MAPs almost never pay interest on holdbacks.
A portion of a loan commitment withheld until a specified event occurs, such as a rental or construction.
A portion of a mortgage loan held back by the lender from the customer until a contingency is met by the customer. An example of a contingency would be repairs needed for a property’s roof. Upon completing the required repairs, the lender releases the held back funds to the borrower.
