- retention money or payments withheld
- Finan agreed proportion of a contract price withheld for a specified period after contract completion as security for fulfillment of obligations
The ultimate business dictionary. 2015.
The ultimate business dictionary. 2015.
retention — The number of units allocated to an underwriting syndicate member less the units held back by the syndicate manager for facilitating institutional sales and for allocation to nonmember firms . In the context of construction contracts, an amount… … Financial and business terms
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