Words / H / Business

holdback

noun/ˈhoʊldbæk/

C1CEFR level
65/100Rarity: rare
TechnicalRegister

A portion of the price withheld to cover post-closing problems.

The holdback releases in eighteen months, assuming no indemnity claims land.

Similar: retention

Topic: Negotiation in Business English

Rarity runs from 0 (a word everyone knows) to 100 (almost never seen outside specialist or literary writing). Level is the word's real difficulty on the CEFR scale, from A1 to C2.

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More business words: Negotiation