A/R Finance & Factoring Terms GLossary

What isRetention (Contractors)

Retention is the percentage of payments for a job in a process that is held back to ensure adequate performance. Retention is considered an ineligible A/R because it takes a long time to collect and it is common for disputes to arise regarding payment.

Audio Definition/Pronunciation

OTHER TERMS BEGINNING WITH "R"
Get Cash Today
  • Quick Contact Form
  • This field is for validation purposes and should be left unchanged.

Back to Top

Best Factoring Company

Get Started Immediately