RETAINAGE Definition

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RETAINAGE, in a construction contract, is the money earned by a contractor but not paid to the contractor until the completion of construction or another predetermined date. The retainage is held back as assurance for the quality of the contractors work.

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NET DEBT is: debt + short term loans less cash on hand.

LYONs is Liquid-Yield Option Notes; zero-coupon convertivle bonds.

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