HOLDBACK is 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.
Barry Goldsmith
| APA | Barry Goldsmith. (2010). holdback. Retrieved September 21, 2026, from http://smartdefine.org/holdback/definitions/1155474 |
| Chicago | Barry Goldsmith. 2010. "holdback" http://smartdefine.org/holdback/definitions/1155474 (accessed September 21, 2026). |
| Harvard | Barry Goldsmith 2010, holdback, Smart Define, viewed 21 September, 2026, <http://smartdefine.org/holdback/definitions/1155474>. |
| MLA | Barry Goldsmith. "holdback" 21 October 2010. Web. 21 September 2026. <http://smartdefine.org/holdback/definitions/1155474> |