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What is holdback? definition and meaning

Definition of holdback in the Definitions.net dictionary. Meaning of holdback. What does holdback mean? Information and translations of holdback in the most comprehensive dictionary definitions resource on the web.

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Definition of a Tax Hold Back. When you purchase a property and take out a mortgage, your lender may charge you a one-time fee called tax holdback. Your mortgage lender may not mention the tax holdback expense before closing, but it is a legitimate fee that represents.

71-584 of 16 July 1971 designed to regulate holdbacks on contracts of work defined by Article 1779-3 A of the Civil Code, a licensee may provide a joint and several guarantee replacing the application of the holdback.

Holdback Meaning in Urdu. Holdback Meaning in Urdu: Searching meanings in Urdu can be beneficial for understanding the context in an efficient manner. You can get more than one meaning for one word in Urdu. You have searched the English word "Holdback" which means "" Rukawat in Urdu.

holdback, n. A dollar amount that is withheld by the lender during construction of a home to ensure construction is satisfactory at every stage. The amount of hold-back is typically equivalent to the estimated cost to complete the construction.

The holdback is paid on a quarterly basis and is usually equal to 1 – 3% of the total price of the vehicles. For example, if a car has an MSRP of $25,000 and there is a holdback of 3%, then the dealer will receive $750 from the manufacturer whenever he sells that vehicle.

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Dealer Holdback. Dealer holdback is an amount, typically two to three percent of the manufacturer’s suggested retail price (MSRP), that is part of the invoiced price the dealer pays the manufacturer when it buys a car. However, this amount is actually returned to the dealer after the car is sold.

Definition of holdback: General: (1) Sum of money that remains unpaid until certain conditions are met. (2) Sum of money kept as a reserve to cover certain contingencies. Dictionary Term of the Day Articles Subjects

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