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Retainage

2 Posts
1 Sections
1 Types

January 1, 1 6 min read Definitions

Holdback Retainage Loan Commitment Construction Contract Floor Loan Real Estate

Holdback refers to money that is not paid until certain conditions or events have occurred, such as a floor loan of a loan commitment or retainage on a construction contract.

Read more about Holdback.

January 1, 1 6 min read Definitions

Retainage Construction Contracts Contractor Payments Project Completion General Contractor Certificate of Occupancy

In a construction contract, retainage is money earned by a contractor but not paid until the completion of the construction or another agreed-upon date.

Read more about Retainage.