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Refinance and Mortgage Encyclopedia - hold

Hold

A restrictionA limitation upon the use or occupancy of real estate, placed by covenant in deeds or by public legislative action. on all or part of a members' balanceThe amount in an account or the remaining amount due on a loan., usually placed by a teller until a cashed or deposited checkA written order instructing a financial institution to pay immediately on demand a specified amount has cleared.

Hold

Used to indicate that a certain amount of a customerUser of health care services, such as patients getting care or providers getting support services from's balanceThe amount in an account or the remaining amount due on a loan. may not be withdrawn until an item has been collected, or until a specific checkA written order instructing a financial institution to pay immediately on demand a specified amount or debitAn entry in an account that shows an amount paid out or owed. The opposite of a credit to an account. is posted.
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