holdback

holdback, n. An amount withheld from the full payment of a contract pending the other party’s completion of some obligation, esp. to ensure that a contractor finishes the work agreed on beforehand. • The terms of a holdback are typically expressed in the contract. The device gives the contractor an incentive to finish the work, and the other party security that the work will be finished. — hold back, vb.

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词条贡献者

法律翻译Glen，毕业于英国一流的高级翻译学院，专注翻译各类与交易架构和策略有关的法律文件。