noun a sum of money that is withheld or retained for a specific purpose
verb to restrain or prevent someone or something from advancing or progressing
In real estate, a holdback can refer to a portion of the sale proceeds that is held back by the seller until certain repairs or improvements are completed by the buyer.
In construction, a holdback may refer to a portion of a contractor's payment that is retained by the client until the work is satisfactorily completed.
In finance, a holdback refers to a portion of a payment that is withheld until certain conditions are met, such as the completion of a project or the fulfillment of a contract.
In legal contexts, a holdback can refer to the withholding of information or evidence in a case until a later time.
In the automotive industry, a holdback is a payment made by the manufacturer to the dealer to help cover the cost of holding inventory on the lot.
In the publishing industry, a holdback refers to a portion of an author's advance that is held back by the publisher until certain conditions are met, such as sales targets or completion of edits.
In psychology research, a holdback sample refers to a subset of data that is not used in the initial analysis but is reserved for validation or testing the model's performance. This helps ensure the reliability and generalizability of the findings.
In real estate transactions, a holdback clause may be included in the contract to withhold a portion of the sale proceeds until certain repairs or improvements are completed by the seller, or to cover potential liabilities discovered after the sale.
In construction projects, a holdback is a percentage of the contract price that is retained by the owner until the project is completed to the satisfaction of all parties involved. This serves as a form of security for the owner against any potential defects or delays.