Withhold (verb)

1. To keep back, retain, or prevent from going forth or being distributed.
2. To decline to give (something owed or due), or to refuse to grant (something requested or desired).
3. To decline or abstain from doing or granting (something).

Origin:

From middle english withholden, from old english withhaldan ("to keep back, retain, preserve, save"), equivalent to with- +‎ hold.

Examples:

1. The government has decided to withhold some of the funds allocated for the project.
2. He has the right to withhold information that could harm the company's reputation.
3. Due to the recent scandal, the company decided to withhold the bonus from the employees.
4. The teacher threatened to withhold the student's diploma until all fees were paid.
5. The company has the power to withhold payment for goods that do not meet the specifications.