retainage

noun

re·​tain·​age
ri-ˈtā-nij
: a percentage of a contract price retained from a contractor as assurance that subcontractors will be paid and that the job will be completed

Dictionary Entries Near retainage

Cite this Entry

“Retainage.” Merriam-Webster.com Legal Dictionary, Merriam-Webster, https://www.merriam-webster.com/legal/retainage. Accessed 25 Feb. 2024.

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