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Statutory Holdback
A legal requirement to withhold a certain percentage of the contract price on a construction project to ensure all subcontractors are paid.
Lien Claimant
Describes a person or entity that has the right to keep possession of property belonging to another person until a debt owed by that person is discharged.
Loan Agreement
A legally binding contract between a borrower and a lender detailing the terms and conditions under which the loan is provided.
Guarantees
Written assurances that certain conditions will be fulfilled, often relating to the quality, durability, or performance of a product or service.
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