Outrageously Funny Word Dictionary :: Retainer

👉 Retainer, a term used in various contexts, can refer to several things: 1.

Retention

: In some legal or business contexts, "retention" refers to the act of retaining documents, assets, or any other material that has been agreed upon by one party and is held by another party. 2.

Retention Agreement

: A retention agreement is a document outlining how a party will retain certain materials or information in exchange for payment. This can be particularly useful when parties are not sure about

retainment

👉 Retainership is a type of contract that allows a party to remain in a relationship or employment for a specific period of time, often as part of an agreement between two parties. In this context, "retainership" refers to a specific length of time during which a party retains the rights and responsibilities of a contractual relationship with another party, typically based on a fixed term or a predetermined number of months. The purpose of retainingership is to provide both sides with a sense of security and

retainership

👉 Retainers are a type of contract that allows one party to keep some or all of their obligations, rights, and liabilities for a certain period. They are typically used in employment contracts, sales agreements, and other types of business transactions where there is a long-term relationship between two parties. Retainers can be either voluntary or mandatory, and they may have different terms and conditions depending on the nature of the contract.

retainers

👉 In accounting, a "retainer" is a fixed amount of money that is charged to an account in exchange for services provided by the service provider. Retainers are typically used when clients pay the service provider on a monthly or quarterly basis rather than making one lump sum payment upfront. For example, if a client pays $100 per month for a service, they would be charged $1,000 at the end of the year. This is considered a retainer because it's

retainer

👉 Retainer is a type of payment that is typically included in the contract between two parties and is used to cover costs or expenses associated with the initial engagement or work. The term may also refer to an agreement where one party agrees to pay another for services or goods, often as part of a larger transaction or project.

retainal