What is the definition of Backup withholding? | Dictionary.net

BACKUP WITHHOLDING

\bˈakʌp wɪðhˈə͡ʊldɪŋ], \bˈakʌp wɪðhˈə‍ʊldɪŋ], \b_ˈa_k_ʌ_p w_ɪ_ð_h_ˈəʊ_l_d_ɪ_ŋ]\

Definitions of BACKUP WITHHOLDING

1910 - Black's Law Dictionary (2nd edition)

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Funds helo from an investment to cover taxes. It is used when the investor has no valid social security number with the IRS.

1910 - Black's Law Dictionary (2nd edition)
By Henry Campbell Black

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