reserved payment
[/rɪˈzɜːrvd ˈpeɪmənt/]
nounpl: reserved payments
pagamento reservado
1. A payment held back or withheld by a payer, typically pending fulfillment of certain conditions, completion of work, or resolution of disputes
The client made a reserved payment of 30% until the project was completed to their satisfaction.
O cliente fez um pagamento reservado de 30% até que o projeto fosse concluído a seu contento.
2. In finance and commerce, funds set aside in an account that are not immediately released but held as security or guarantee
A reserved payment was established to ensure compliance with the service agreement.
Um pagamento reservado foi estabelecido para garantir o cumprimento do acordo de serviço.
3. Money withheld from a transaction as a contingency or escrow arrangement
The purchase agreement included a reserved payment to cover potential repairs.
O contrato de compra incluía um pagamento reservado para cobrir reparos potenciais.
Reserved payments are common in Brazilian commercial practices, particularly in construction, real estate, and service industries where they serve as protection for both parties. This practice reflects the Brazilian business culture's emphasis on risk mitigation and contractual safeguards. In the USA, similar arrangements are typically called 'holdbacks' or 'escrow payments' and are regulated by specific state laws.
Related Idioms & Phrases
hold back payment
put payment in escrow
reserve funds pending completion
withhold payment pending agreement
conditional payment arrangement
Look up more words on Fala2Me
The free English-Portuguese dictionary with real Brazilian accents, NYC slang, conjugator and more
Open Fala2Me →