👉 In accounting, an "irretention" is a financial concept in which a company retains assets or liabilities for future use. The term comes from the Latin word "irre-", meaning "not," and "retention," referring to holding onto something that does not change hands until it is needed again. For example, if a company has $100,000 in inventory at the beginning of the year, and decides to retain 50% of this amount for future use
