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 ?
Each of the announced purchase prices were subject to post-closing adjustments through a holdback of ten percent of the estimated purchase price.
Deposits and Guarantees required: A holdback of 5% will be applied to each installment, the tax on value added at the date of signing of the contract is included.
All of these holdbacks were made permanent in the 1998 budget except for public schools.
Accordance with the law n A 71-584 of 16 July 1971 designed to regulate holdbacks on contracts of work defined by Article 1779-3 A of the Civil Code, a licensee may provide a joint and several guarantee replacing the application of the holdback