withholding
n.
hiding, concealing; prevention, restraining
withhold
v.
hold back; restrain, keep in check; retain, deduct; refrain from giving
Withholding
Withholding
(p. pr. & vb. n.)
of Withhold
Webster's Revised Unabridged Dictionary (1913), edited by Noah Porter.
About
Withholding
Used in the context of
securities, this refers to the illegal practice of a
public offering participant keeping some
shares in a private account or with a family member, employee, or
dealer to
profit from the higher
market price of a hot
issue. Used in the context of taxes, this refers to the withholding by an employer of a certain amount of an employee's income in order to provide for that employee's tax liability. Also used to refer to the withholding by corporations and financial institutions of a flat 10% of
interest and
dividend payments due to
securities holders.
withholding
Noun
1. the act of deducting from an employee's salary
(hypernym) subtraction, deduction
(derivation) withhold, deduct, recoup
(classification) tax, taxation, revenue enhancement
2. income tax withheld from employees' wages and paid directly to the government by the employer
(synonym) withholding tax
(hypernym) income tax
(hyponym) PAYE, pay as you earn
(derivation) withhold, deduct, recoup
3. the act of holding back or keeping within your possession or control; "I resented his withholding permission"; "there were allegations of the withholding of evidence"
(hypernym) retention, keeping, holding
(derivation) withhold, keep back
withhold
Verb
1. hold back; refuse to hand over or share; "The father is withholding the allowance until the son cleans his room"
(synonym) keep back
(hypernym) deny, refuse
(hyponym) freeze, block, immobilize, immobilise
(derivation) withholder
2. retain and refrain from disbursing; of payments; "My employer is withholding taxes"
(synonym) deduct, recoup
(hypernym) keep, hold on
(hyponym) dock
(derivation) withholder
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