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 ?
The amount of this demand guarantee or personal guarantee will be equivalent to that of the holdback they replace.
Therefore, determining whether a seller has constructively received a payment in the year of sale requires scrutiny of the parties' escrow or holdback arrangement.
The holder retains the possibility, throughout the duration of the contract, to substitute a first demand guarantee to the holdback.
If annual renewal, the procedure for drawing a new holdback under the conditions of this article.
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.
Part of the expenses of the sale included the company's payment of a holdback amount of approximately $561,000 to cover repairs of items that are in arbitration with the previous owner.
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.
The remaining 92%, less amounts due to dealers for payments of dealer holdback, will be used to repay the indebtedness.
Deposits and Guarantees required: A holdback of 5% of the amount of each purchase order will be made.
The remaining 94%, less amounts due to dealers for payments of dealer holdback, will be used to repay the indebtedness.