Holding Funds
Definition of "Holding funds"
Funds that are retained in an account until a certain event occurs. For example, a downpayment on a contract held until full payment is received whereupon the holding funds are credited to the full cost of the purchase and the merchandise is delivered to the purchaser.
Popular Real Estate Terms
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Funds that are retained in an account until a certain event occurs. For example, a downpayment on a contract held until full payment is received whereupon the holding funds are credited to ...
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