retention money meaning in Hindi

Examples

1. So why are they lining up for more retention money in midstream?
2. But I do not think the balance should be regarded as retention money.
3. Retention money is usually only 10 per cent, or 15 per cent, whereas this balance was more than 50 per cent.
4. Then entire performance is usually a condition precedent to payment of the retention money, but not, of course, to the progress payments.
5. A familiar instance is when the contract provides for progress payments to be made as the work proceeds, but for retention money to be held until completion.
6. At the expiry of this period, 27 August 1991, subject to any defect being repaired, the contractor's claim for payment of the retention money would become enforceable.
7. A dispute arose between the bank and the respondents in the present case, the joint liquidators of the contractor, as to who was entitled to payment of the balance of the retention money.
8. The contractor is entitled to payment pro rata as the work proceeds, less a deduction for retention money : but he is not entitled to the retention money until the work is entirely finished, without defects or omissions.
9. The contractor is entitled to payment pro rata as the work proceeds, less a deduction for retention money : but he is not entitled to the retention money until the work is entirely finished, without defects or omissions.
10. The court held further that the certificate of completion signified the coming into existence of a right to claim payment of the retention money subject to a suspensive condition, namely the repair of any defects which might manifest themselves during the retention period.