holdback definition by Webster's New World
Webster's New World College Dictionary Copyright © 2010 by Wiley Publishing, Inc., Cleveland, Ohio. Used by arrangement with John Wiley & Sons, Inc.
- a thing that holds back; curb; check; hindrance
- ☆ a strap or iron attached to the shaft of a wagon, carriage, etc. and to the harness, to enable a horse to stop or back the vehicle
holdback definition by American Heritage Dictionary
The American Heritage® Dictionary of the English Language, 4th edition Copyright © 2010 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.
- a. The act of holding back.b. Something held back.
- A device that retains or restrains.
- A strap or an iron catch between the shaft and the harness on a drawn wagon, allowing the horse to stop or back up.
holdback - Business Definition
- In real estate, a portion of the purchase price or loan proceeds withheld until a specified event takes place. For example, a commercial lender might withhold part of a loan on an office building because a major tenant is continuing to work on improvements. The remainder of the loan will be released when the improvements are completed and the tenant has moved in.
- A manufacturer's financial incentive for dealers of new vehicles. The holdback is designed to compensate for a dealer's interest expense on loans used to keep new vehicles on the lot and available for sale.