holdback. Retainage; amounts withheld from payment until certain goals have been reached. Example: A lender holds back funding the balance of a loan until stabilized …
Property tax portion of a mortgage loan payment deducted and accumulated by the lender to be paid to the revenue authorities when due.
2 Introduction This paper sets out the basic principles relating to holdback obligations under the Ontario Construction Lien Act2 and deals with some recent cases of …
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2. Banking: (1) Portion of a construction loan amount that is not released until a certain stage (such as completion of the foundation) is reached.
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