What does holdback mean?

Looking for the meaning or definition of the word holdback? Here's what it means.

Noun restraint (act or result of holding back, device that restrains) The projection or loop, on the thill of a vehicle, to which a strap of the harness is attached, to hold back a carriage when going downhill, or in backing. The strap or part of the harness so used. Find more words! 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The City submits that the full amount of the holdback should be credited to the City. It is the usual practice to record a portion of a contract as a holdback as the work progresses. That the full Siri isn't available smacks more of a marketing department holdback than technical limitations. The purpose of this holdback is to help limit your liability should a contractor fail to pay suppliers, workers or sub-trades. The holdback payable account, which represents a percentage of a contract amount, is used only if required by the contract. See Also What is another word for holdback? What is the opposite of holdback? Sentences with the word holdback Words that rhyme with holdback What is the plural of holdback? Nearby Definitions Holdaways holdawayites holdawayite Holdaway hold a torch for holdases hold back holdbacks hold baggage hold by the button hold cheap hold court 8-letter Words Starting With h ho hol hold holdb holdba holdbac