Retain Law and Legal Definition
The word retain, depending on the context it is used has different meanings. It can mean the following:
1. To hold secure or intact or keep for future use or application. For example the landlord retained the security deposit; right of reacquisition was retained by the grantor etc.
2. To keep in possession or use.
3. To hire, or arrange in advance for the services of, to employ by paying a retainer. For example Mr. A retained Mr. Mason as his lawyer.
Legal Definition list
Related Legal Terms
- Appropriated Retained Earnings
- Grantor Retained Annuity Trust GRAT
- Grantor Retained Income Trust (GRIT)
- Grantor Retained Unitrust ( GRUT)
- National Science and Mathematics Access to Retain Talent Grant (National SMART Grant) Program [Education]
- Per-Unit Retain Allocation
- Per-Unit Retain Certificate
- Retain in Custody [Juvenile Law]
- Retainage
- Retained Earnings
