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retainage

 - 1 dictionary result
Legal Dictionary

Main Entry: re·tain·age
Pronunciation: ri-'tA-nij
Function: noun
: a percentage of a contract price retained from a contractor as assurance that subcontractors will be paid and that the job will be completed
Merriam-Webster's Dictionary of Law, © 1996 Merriam-Webster, Inc.
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