Words / R / Business

retainer

noun/rɪˈteɪnə/

B2CEFR level
55/100Rarity: uncommon
TechnicalRegister

A fee paid in advance to secure someone's services or availability over a period.

The consultant kept a small retainer with the firm, on call for advice whenever the board needed it.

Topic: Human resources in Business 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 business words: Human resources