Holding Funds

Definition of "Holding funds"

Cecilia Halim <br>CalBre #01481383
Cecilia Halim
CalBre #01481383
Keller Williams Danville

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.

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