retainer

retainer
retainer
Under the Bankruptcy and insolvency Act it is common for the Trustee in Bankruptcy to ask for a retainer before he accepts an appointment. There is also a special type of retainer called a Third Party Retainer, whereby funds are put up that secure the fees and disbursements of the Trustee but are returned to the party putting up the funds if the Trustee realizes enough out of the estate to cover the fees and costs and, in the case of a proposal, returned to the party putting up the funds if the proposal is refused by the creditors or not approved by the Court. (Dictionary of Canadian Bankruptcy Terms)

United Glossary of Bankruptcy Terms 2012.


Glossary of Bankruptcy.

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  • Retainer — Ein Retainer ist ein Zahn Stabilisator, der im Rahmen einer kieferorthopädischen Behandlung eingesetzt wird. Durch den Retainer können sich Kieferknochen und die neu positionierten Zahnwurzeln besser an die neue Position durch Nachwachsen des… …   Deutsch Wikipedia

  • retainer — re·tain·er /ri tā nər/ n [Anglo French retener act of engaging or employing, from retener retenir to engage, retain] 1: the act of a client by which the services of a lawyer are engaged 2: a fee paid to a lawyer for advice or services or for a… …   Law dictionary

  • retainer — re‧tain‧er [rɪˈteɪnə ǁ ər] noun [countable] FINANCE money paid to someone such as a lawyer so that they will continue to work for you in the future: • Directors received £550 for each board meeting and an annual retainer of £10,000. • Mr. Young… …   Financial and business terms

  • retainer — retainer1 [ri tān′ər] n. 1. a person or thing that retains 2. a person serving another, esp. someone of rank; servant, attendant, adherent, etc. 3. any of several devices used to retain; specif., a) a groove, frame, etc. within which roller… …   English World dictionary

  • Retainer — Re*tain er, n. 1. One who, or that which, retains. [1913 Webster] 2. One who is retained or kept in service; an attendant; an adherent; a hanger on. [1913 Webster] 3. Hence, a servant, not a domestic, but occasionally attending and wearing his… …   The Collaborative International Dictionary of English

  • retainer — ► NOUN 1) a thing that holds something in place. 2) a fee paid in advance to a barrister to secure their services. 3) Brit. a reduced rent paid to retain accommodation during a period of non occupancy. 4) a servant who has worked for a person or… …   English terms dictionary

  • Retainer — A retainer may refer to: * In feudal times, a retainer may be an individual who serves, is contracted, or is indebted to a lord, king or emperor. These individuals ranged from knights and lords in Europe, to warlords and samurai in Asia. Similar… …   Wikipedia

  • retainer — [[t]rɪte͟ɪnə(r)[/t]] retainers 1) N COUNT A retainer is a fee that you pay to someone in order to make sure that they will be available to do work for you if you need them to. I ll need a five hundred dollar retainer... Liz was being paid a… …   English dictionary

  • retainer — The act of withholding what one has in one s own hands by virtue of some right. In the practice of law, when a client hires an attorney to represent him, the client is said to have retained the attorney. This act of employment is called the… …   Black's law dictionary

  • retainer — A device which holds something in place. See pad retainer pin pad retainer valve keeper valve retainer valve spring retainer …   Dictionary of automotive terms

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