what are holdovers 
in finance the term holdovers refers to transactions usually checks that have not yet been processed in most cases today the period of time in which checks are held as holdovers typically does not exceed one business day a holdover may also refer to a tenant who remains in a property after the expiration of the lease and is subject to eviction understanding holdoversholdovers usually occur when a bank does not have enough time to process all of the payments it has received before the end of a business day they are typically found in large clearinghouse banks and they are different from the holds placed by banks on out of state or third party checks in this case the check is usually held over simply because it was received too late in the day for same day processing for instance a customer might bring in a large number of checks to be deposited near the end of a business day such a situation might produce holdover checks if the bank is unable to process them during that same day those holdover checks would then be bundled together and deposited during the following business day special considerations