Words / R / Law

reservation of title

noun

C2CEFR level
88/100Rarity: very rare
TechnicalRegister

A supply clause letting a seller retain ownership of goods until payment, defeating other creditors' claims to them on insolvency.

The supplier invoked its reservation of title clause and reclaimed the unpaid stock from the warehouse.

Similar: retention of title

Topic: Insolvency & restructuring in Legal English

Rarity runs from 0 (a word everyone knows) to 100 (almost never seen outside specialist or literary writing). Level is the word's real difficulty on the CEFR scale, from A1 to C2.

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More law words: Insolvency & restructuring