retention

retention
re·ten·tion /ri-'ten-chən/ n
1: the act of retaining or the state of being retained
2: the portion of the insurance on a particular risk not reinsured or ceded by the originating insurer

Merriam-Webster’s Dictionary of Law. . 1996.

retention
I noun conservatio, constraint, control, custodianship, grasp, hold, holding action, holding power, keeping, memory, possessio, reservation, restraint, retainment, retentio, tenacity associated concepts: retention of benefits II index apprehension (act of arresting), arrest, enjoyment (use), occupancy, occupation (possession), remembrance (recollection), reservation (engagement)

Burton's Legal Thesaurus. . 2006


retention
in the Scots law of contract, the right for A not to pay money due to B under a contract until damages due by B to A under the same contract are ascertained. Thus, a claim for freight may be opposed by a claim for damage done to the goods in transit. In bankruptcy or liquidation, a party who is facing an illiquid claim may retain in respect of an illiquid sum owed to him by the bankrupt and it is not necessary that the debts should arise out of the same contract.
In the law of Sale of Goods 1979, where the property in goods has not passed to the buyer, the unpaid seller has a right to withhold delivery similar to and co-extensive with his rights of lien or retention and stoppage in transit where the property has passed to the buyer.

Collins dictionary of law. . 2001.


retention
In the context of an acquisition, the retention of part of the purchase price as security for the buyer for potential breaches of warranty and/or indemnity. They may be for a fixed period until expiry of the warranty limitation period. A retention may also be used where the buyer has doubts about the creditworthiness of the seller. The retention may be by way of retention of cash or by a more complex mechanism.
In the context of an insurance policy, a retention is also known as an excess.
Related links
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A retention clause provides for part of the purchase price to be held back as security for the buyer for potential breaches of the contract. A retention clause may also be used where the buyer has doubts about the creditworthiness of the seller.

Practical Law Dictionary. Glossary of UK, US and international legal terms. . 2010.

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Look at other dictionaries:

  • rétention — [ retɑ̃sjɔ̃ ] n. f. • 1291; lat. retentio 1 ♦ Fait de retenir (I). Rétention d informations. 2 ♦ Dr. Droit de rétention, qui permet à un créancier de retenir un objet appartenant à un débiteur, jusqu à ce qu il se soit acquitté de sa dette.… …   Encyclopédie Universelle

  • Retention — (lat.: retinere = „zurückhalten“) ist ein Begriff: in der Philosophie: Retention (Philosophie) in der Rechtswissenschaft: Retention (Recht) in der Chemie, siehe: Nukleophile Substitution in der Chromatographie: Retention (Chromatographie) in der… …   Deutsch Wikipedia

  • Retention d'œuf — Rétention d œuf Fichier:Egg bound (testudine) Radio d une tortue présentant une rétention d œuf La rétention d’œufs est une incapacité d une femelle à expulser un ou des œufs. Ce terme s applique habituellement aux ovipares, mais peut également… …   Wikipédia en Français

  • Retention — can have the following meanings:*Retention basin, instance retaining (e.g. water in the ground) *In learning: it is the ability to retain facts and figures in memory (spaced repetition) *Grade retention, in schools, keeping a student in the same… …   Wikipedia

  • retention — Retention. s. f. v. Terme de Pratique. En cette acception il ne se dit que d Une cause retenuë à un Tribunal. La retention d une cause. un arrest de retention. Retention, se dit aussi, d Une maladie, par laquelle l urine est retenuë. Avoir une… …   Dictionnaire de l'Académie française

  • Retention — Re*ten tion, n. [L. retentio: cf. F. r[ e]tention. See {Retain}.] 1. The act of retaining, or the state of being ratined. [1913 Webster] 2. The power of retaining; retentiveness. [1913 Webster] No woman s heart So big, to hold so much; they lack… …   The Collaborative International Dictionary of English

  • retention — Retention, retenuë, Retentio. Retention d usufruit vaut autant que delivrance de la chose, Exceptio vsufructus instar est emancipatus fundi, Operatur (inquiunt) traditionem. B …   Thresor de la langue françoyse

  • retention — [ri ten′shən] n. [ME retencioun < MFr retention < L retentio] 1. a retaining or being retained 2. power of or capacity for retaining 3. a) a remembering; memory b) ability to remember 4. Med …   English World dictionary

  • Retention — Retentiōn (lat.), Zurück , Vorenthaltung; das Festhalten eines wiedereingerichteten gebrochenen Gliedes durch Verbände …   Kleines Konversations-Lexikon

  • Retention — Retention, lat. deutsch, Zurückhaltung, Vorenthaltung; R. srecht, das Recht, eine Sache zurückzuhalten, bis eine Forderung befriedigt ist; retenuto, ital, in der Musik: zurückgehalten …   Herders Conversations-Lexikon

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