- retainage
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re·tain·age /ri-'tā-nij/ n: a percentage of a contract price retained from a contractor as assurance that subcontractors will be paid and that the job will be completed
Merriam-Webster’s Dictionary of Law. Merriam-Webster. 1996.
Merriam-Webster’s Dictionary of Law. Merriam-Webster. 1996.
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holdback — See retainage … Financial and business terms