Words / R / Law

retention

/rɪˈtenʃən/

A2CEFR level
35/100Rarity: fairly common
TechnicalRegister

Law noun

A portion of the purchase price held back to cover possible warranty claims after completion.

A retention of ten per cent was held in escrow pending resolution of the tax dispute.

Similar: holdback

Topic: Corporate law in Legal English

Business noun

The keeping of customers or staff over time.

Retention matters more than acquisition here.

Similar: keeping, holding

Origin: Latin retinere 'to hold back'.

Topic: Marketing & brand 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 law words: Corporate law