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TeachMeFinance.com - explain Hold
hold -- a notation made on an account record to show that a specific amount of money in the account is temporarily not available to the account holder, or to show that the account requires special handling. For example, a hold may be placed on recently deposited checks to allow time for the checks to clear.
another definition...
Hold -- 1. The interior of a vessel below deck where cargo is carried. 2. to delay; to pause (verb); a delay; a pause (noun). 3. A verb with multiple other meanings than those noted above such as: to retain, to contain, to maintain, to bind, to bear, to own.
About the author
 |
Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English".
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Copyright © 2005 by Mark McCracken, All Rights Reserved.
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