holdback


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holdback

[′hōl‚bak]
(mechanical engineering)
A brake on an inclined-belt conveyor system which is automatically activated in the event of power failure, thus preventing the loaded belt from running downward.
References in periodicals archive ?
This holdback will be applied only to purchase more than 10 000 EUR commands (HT).
The seller must review the escrow arrangement or holdback agreement for the presence of a "substantial restriction" on his right to receive the withheld funds.
This holdback policy was developed due to a limited amount of funds.
Holdbacks will be returned or released on demand guarantee issued one month at the latest after the expiry of the warranty period.
The holdback may be replaced at the option of the holder by a demand guarantee in accordance with Article 102 of the Code of public contracts.
This holdback may be replaced at the option of the holder by a demand guarantee or, if both parties agree, by a joint and several guarantee, incorporated in full no later than the date on which the holder shall demand payment for the first installment of the market.
1 "financial security" of the special administrative clauses a holdback of 5% of the original contract price (plus any amount of endorsements) will be formed.
It is recalled that in case of reservations notified the holder of the contract and not exercised prior to the expiration date of the warranty period, the holdback will be refunded or persons having delivered their bond or security will be paid a months after the date of the actual exercise of such reserves.
The remaining 92%, less amounts due to dealers for payments of dealer holdback, will be used to repay the indebtedness.