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retenue de garantie

English translation: retention money, retention monies, holdback

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01:07 Mar 15, 2001
French to English translations [PRO]
Bus/Financial
French term or phrase: retenue de garantie
French accounting: an amount the customer withholds until the supplier has actually completed delivery of goods/services. Then when all is satisfactory this amount is paid to the supplier (in the meantime it is registered in a specific account)
Buzzy
Local time: 07:12
English translation:retention money, retention monies, holdback
Explanation:
You commonly find that under statute or under the terms of a given contract, there is a right to retain a certain amount or percentage sum by way of guarantee. It is intended to ensure that the person or company carrying out the work/providing the service(s) executes/performs the work as agreed. Particularly common in the construction industry.

According to the GDT, the term "retention" is used in the fields of town planning/construction and management.

urbanisme 1 / 1
retention = retenue de garantie f.
Déf. : Valeur de l'argent retenue temporairement par le maître de l'ouvrage sur les travaux exécutés par l'entrepreneur en vue de s'assurer de la bonne exécution des ouvrages et de leur tenue dans un temps fixé par le marché.

However, the term "holdback" is used in financial contexts :

finance 1 / 6
holdback = retenue de garantie n. f.
Déf. : Somme que le client retient, temporairement, sur les honoraires de l'architecte ou la note de l'entrepreneur pour parer à des vices possibles de construction ou de conception.

You may wish to pay a visit to the GDT to see whether any of the other contexts fits more closely, but your choice would appear to be between either of these two. In my professional experience (UK) I had never come across "holdback" which does not mean that it does not exist, of course!!!


Selected response from:

Nikki Scott-Despaigne
Local time: 07:12
Grading comment
Thanks to you and also to the others for helping, particularly EmmaS who also found the same term... I had already seen "holdback" in dictionaries but a UK accountant friend also told me he had never come across it in use either. Wonderful thorough explanation!
4 KudoZ points were awarded for this answer

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Summary of answers provided
naretention money, retention monies, holdback
Nikki Scott-Despaigne
naholdbackAnnie Robberecht, C. Tr.
naretention paymentEmmaS
napayment witheld as warrantyBarnaby Capel-Dunn


  

Answers


26 mins
payment witheld as warranty


Explanation:
I think this should be enough.

Also:
Retenues de garantie accordées sur ventes = sales payments witheld by clients as warranty (receivable account)

Retenues de garantie obtenues sur achats = payments witheld to suppliers as warranty (payable account)

Hope this is of some help

Barnaby Capel-Dunn

Barnaby Capel-Dunn
Local time: 07:12
Native speaker of: Native in EnglishEnglish
PRO pts in pair: 42
Login to enter a peer comment (or grade)

37 mins
retention payment


Explanation:
that part of the price payable under a contract which is held back for an agreed period;
the buyer is thus indemnified against unsatisfactory execution of the contract

Hope it's okay


    Reference: http://europa.eu.int/eurodicautom/
EmmaS
Local time: 06:12
PRO pts in pair: 8

Peer comments on this answer (and responses from the answerer)
AVST
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1 hr
holdback


Explanation:
holdback
A portion of a payment called for under a contract which is not payable until certain conditions have been fulfilled.


    GDT 2001
Annie Robberecht, C. Tr.
Local time: 07:12
Native speaker of: Native in FrenchFrench
PRO pts in pair: 187
Login to enter a peer comment (or grade)

2 hrs
retention money, retention monies, holdback


Explanation:
You commonly find that under statute or under the terms of a given contract, there is a right to retain a certain amount or percentage sum by way of guarantee. It is intended to ensure that the person or company carrying out the work/providing the service(s) executes/performs the work as agreed. Particularly common in the construction industry.

According to the GDT, the term "retention" is used in the fields of town planning/construction and management.

urbanisme 1 / 1
retention = retenue de garantie f.
Déf. : Valeur de l'argent retenue temporairement par le maître de l'ouvrage sur les travaux exécutés par l'entrepreneur en vue de s'assurer de la bonne exécution des ouvrages et de leur tenue dans un temps fixé par le marché.

However, the term "holdback" is used in financial contexts :

finance 1 / 6
holdback = retenue de garantie n. f.
Déf. : Somme que le client retient, temporairement, sur les honoraires de l'architecte ou la note de l'entrepreneur pour parer à des vices possibles de construction ou de conception.

You may wish to pay a visit to the GDT to see whether any of the other contexts fits more closely, but your choice would appear to be between either of these two. In my professional experience (UK) I had never come across "holdback" which does not mean that it does not exist, of course!!!





    Reference: http://www.granddictionnaire.com
Nikki Scott-Despaigne
Local time: 07:12
Native speaker of: Native in EnglishEnglish
PRO pts in pair: 4431
Grading comment
Thanks to you and also to the others for helping, particularly EmmaS who also found the same term... I had already seen "holdback" in dictionaries but a UK accountant friend also told me he had never come across it in use either. Wonderful thorough explanation!
Login to enter a peer comment (or grade)




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