holdback

listen to the pronunciation of holdback
Английский Язык - Турецкий язык
engel
(isim) engel
Английский Язык - Английский Язык
restraint (act or result of holding back, device that restrains)
Money not paid until certain events have occurred
Part of a loan held by the lender until certain conditions have been met, such as to bring a property to good repair under FHA or VA appraisal specifications
>> 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
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
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
Check; hindrance; restraint; obstacle
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
{i} restraint; hindrance, obstacle
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 portion of the revenue from a merchant's credit card transactions, held in reserve by the merchant account provider to cover possible disputed charges, chargeback fees, and other expenses After a predetermined time, holdbacks are turned over to the merchant Note: Merchant account providers almost never pay interest on holdbacks
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
An amount of money withheld by the lender during construction of a house to ensure that construction is satisfactory at every stage A standard holdback is 10% of the total cost of the building project
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 halt 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 constructed
to which a strap of the harness is attached, to hold back a carriage when going down hill, or in backing; also, the strap or part of the harness so used
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 snib, button or other device which can hold the bolt in the retracted position
A portion of the progress payments called for under the terms of a contract which is not payable until the contract has been completed
The projection or loop on the thill of a vehicle
That portion of a contractor's draw under a construction loan that is withheld by the lender until all work is completed to the satisfaction of the lender Quite often the amount withheld is equal to the contractor's profit, which means that enough of the loan is dispersed so that the subcontractors can be paid
the portion of loan proceeds that were not disbursed to a borrower at closing   The holdback will usually be disbursed to the borrower upon satisfaction of certain conditions relating to the holdback in the loan documents
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