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- Generating answers for you...The meaning of HOLDBACK is something that retains or restrains.Learn more:The meaning of HOLDBACK is something that retains or restrains.www.merriam-webster.com/dictionary/holdbackA holdback is a portion of the purchase price that is not paid at the closing date. This amount is usually held in a third party escrow account (usually the seller’s) to secure a future obligation, or until a certain condition is achieved.www.divestopedia.com/definition/844/holdbackIn summary, a holdback is a tool that can be used to protect the buyer's interests in a real estate transaction. It is an amount of money that is withheld from the seller at closing until certain conditions are met.www.deeded.ca/blog/holdback-real-estate
part of an amount of money that is not paid in a particular situation:
dictionary.cambridge.org/us/dictionary/english/hold…You can think of a holdback as a separate bucket of money to recover from in the event something goes wrong post-closing, or some agreed-upon event does not occur. Typically, you would have to initiate litigation against the seller to try and recover the damages you claim you incurred as a result of a breach of the purchase agreement.blog.acquire.com/what-is-a-seller-holdback/ Explore further
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WebJan 10, 2023 · Escrow Holdbacks Defined. Before defining escrow holdbacks, here’s what escrow is: Typically, it’s money held by a third party as assets (such as real estate) are being transferred. An escrow …
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WebApr 22, 2024 · An escrow holdback is simple money to assure the seller that the agreed-upon work will be finished later. Monies are held in an escrow account until the obligation has been finalized. It is like an …
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