单词 | retention money |
释义 | > as lemmasretention money retention money n. a sum of money withheld; esp. (part) payment for goods or work kept back until such time as a contract is fulfilled to the satisfaction of the payer (cf. retent n.2 3). ΘΚΠ society > trade and finance > payment > non-payment > [noun] > portion of payment withheld > as security for fulfilment of obligations retention money1697 1697 in R. C. MacLeod Bk. Dunvegan (1938) I. 252 Withal the due and ordinar retentione money imposed by Act of Parliament. 1703 W. Forbes Methodical Treat. Bills of Exchange viii. 149 A Legal Deduction or abatement for some particular years of a Sixt, and sometimes of a Twelvth part was allowed to Debtors; commonly called Retention Money. 1852 Times 31 July 6/4 There is due the sum of 3,417l. of retention money and floating bills for work done. 1911 W. Thomson Dict. Banking 452/2 If an assignment of retention money is given as security, notice of the assignment must be given to..the person who is liable to pay the money to the contractor. 1991 New Builder 12 Sept. 8/5 The court judgment..ruled that clients should put retention money in separate trust accounts. < as lemmas |
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