retention


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retention

noun conservatio, constraint, control, grasp, hold, holding action, holding power, keeping, memory, possessio, reservation, restraint, tenacity
Associated concepts: retention of benefits
See also: apprehension, arrest, engagement, enjoyment, occupancy, occupation, possession, recollection, remembrance, reservation, use

retention

in the Scots law of contract, the right for A not to pay money due to B under a contract until damages due by B to A under the same contract are ascertained. Thus, a claim for freight may be opposed by a claim for damage done to the goods in transit. In bankruptcy or liquidation, a party who is facing an illiquid claim may retain in respect of an illiquid sum owed to him by the bankrupt and it is not necessary that the debts should arise out of the same contract.

In the law of Sale of Goods 1979, where the property in goods has not passed to the buyer, the unpaid seller has a right to withhold delivery similar to and co-extensive with his rights of lien or retention and stoppage in transit where the property has passed to the buyer.

RETENTION, Scottish law. The right which the possessor of a movable has, of holding the same until he shall be satisfied for his claim either against such movable or the owner of it; a lien.
     2. The right of retention is of two kinds, namely, special or general. 1. Special retention is the right of withholding or retaining property of goods which are in one's possession under a contract, till indemnified for the labor or money expended on them. 2. General retention is the right to withhold or detain the property of another, in respect of any debt which happens to be due by the proprietor to the person who has the custody; or for a general balance of accounts arising on a particular train of employment. 2 Bell's Com. 90, 91, 5th ed. Vide Lien.

References in periodicals archive ?
Many companies neglect to invest in making retention a part of organizational culture, with everyone aligned to a singular set of retention-focused expectations and behaviors.
Unless a schedule-based retention decision is made immediately after a message is sent or read, it may not be made at all.
Standard form building contracts and, indeed, standard practice in Qatar, is that half of the retention money is released on handover of the project (i.
Targeting "lo-hardy" students, regardless of their background, for enrollment in retention intervention programs might permit more efficient usage of these expensive, labor-intensive efforts that are best suited for those who truly need them.
At the University of Oklahoma, retention starts with identifying qualified students who will succeed at OU, says Melanee Hamilton, director of communication for Recruitment Services.
Many of these strength aids also positively affect retention and drainage.
Most offices have a combination of paper and electronic documents, and both types must be included in document retention policies.
Elongation retention is shown as a function of aging time at 20[degrees]C.
Here again an e-mail archive application can serve disposition with automated policies that are configurable to delete messages from the archive after the retention period expires.
Seven years, in most cases, would be satisfactory period for retention.
While New York churned, Chicago, where a pioneering student retention policy had been in effect since 1997, was hit in April by two studies from the Consortium on Chicago School Research (CCSR), a nonprofit group affiliated with the University of Chicago.
For example, the Occupational Safety and Health Administration (OSHA) requires some records to be held for 30 years, Title 21 Code of Federal Regulations (21 CFR Part 11) requires life sciences/pharmaceutical industry records to be held for 2-5 years, and the Health Insurance Portability and Accountability Act (HIPAA) requires retention of healthcare records from 2 to 21 years (and possibly to the life of the patient).