HOLDBACK Definition

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HOLDBACK is a portion of a construction loan that is not funded until the subject project is nearing completion, or the borrower has satisfied certain contractual performance requirements, such as leasing a majority of the space in the building. The amount held back is often equal to the construction firms projected profit when the building is completed.

Learn new Accounting Terms

JOINT ACCOUNT is a financial account owned by two or more persons who share equally in the rights and liabilities of the account.

DOH is Days on Hand (inventory).

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