Usually means: Withheld payment until work completion.
Definitions Related words Mentions History
We found 10 dictionaries that define the word retainage:

General (4 matching dictionaries)
  1. retainage: Wordnik
  2. retainage: Wiktionary
  3. retainage: Dictionary.com
  4. Retainage: Wikipedia, the Free Encyclopedia

Business (6 matching dictionaries)
  1. retainage: Merriam-Webster Legal Dictionary
  2. RETAINAGE: Accounting Glossary
  3. Glossary of Legal Terms (No longer online)
  4. Construction Term Glossary (No longer online)
  5. retainage: Financial dictionary
  6. BusinessDictionary.com (No longer online)

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Definitions from Wiktionary (retainage)

▸ noun:  An amount of money held back from a payment as insurance against the work not being completed.

Similar:
holdback, retention, reservation, reserve, retent, hold, retainment, recoverable, retainer, rest, more...

Opposite:
release, relinquishment, surrender

Types:
performance-based, liquidated, unilateral, statutory, voluntary, more...

Adjectives:
less, reasonable, additional, net, full, such, customary, prescribed, pay, unpaid

▸ Words similar to retainage

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Similar:
holdback, retention, reservation, reserve, retent, hold, retainment, recoverable, retainer, rest, more...

Opposite:
release, relinquishment, surrender

Types:
performance-based, liquidated, unilateral, statutory, voluntary, more...

Adjectives:
less, reasonable, additional, net, full, such, customary, prescribed, pay, unpaid



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