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Temporary Hold

Temporary hold refers to a pause or temporary suspension of an activity or process. In the context of business or financial transactions, a temporary hold is often placed on funds or accounts for a specified period of time.
For example, in banking, a temporary hold may be placed on a customer's account when they make a deposit. This is done to ensure that the funds are valid and the deposit is legitimate before the funds are made available for withdrawal. The hold may last for a specified period, such as 24 hours, or until the funds have cleared.
In e-commerce, a temporary hold may be placed on a customer's credit card when they make a purchase. This is done to ensure that the customer has sufficient funds and that the purchase is legitimate before the transaction is completed. The hold may be released once the purchase has been verified and processed.
Temporary holds can also be used in legal proceedings to pause or delay a case or trial. For example, a judge may place a temporary hold on a case to allow time for additional evidence to be presented.
Overall, temporary holds are a common way to ensure the validity and accuracy of transactions and processes, providing an added layer of security and protection for businesses and individuals.
Last modified 10mo ago