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retainer

retainer

34 6.2
An advance payment to hire a professional like a lawyer
  • noun
  • /rɪˈteɪnər/
  • Specialized
translation icon : anticipo de honorarios
  • To maintain his legal counsel, he agreed to a hefty retainer that covered her services for the year.
  • retainer fee
  • retainer agreement
  • monthly retainer

They get a monthly retainer to pitch projects.

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Examples

  • I like a retainer agreement in which either party can cancel at any time.

    Academic text (2011)
  • The retainer for your services is $10 million.

  • The first question is whether you should even want to enter into a retainer agreement with a writing client.

    Academic text (2011)
  • So, we should discuss my retainer.

  • This is not unusual to have a lawyer on retainer for people in, you know, significant posts.

  • I charge 450 an hour and I need a $10,000 retainer to start.

  • There's no need to prepare a cost estimate and haggle over the fee; the monthly retainer is already set.

    Academic text (2011)
  • He paid a monthly retainer to his lawyer to ensure she was available for legal advice whenever needed.

  • The company required a retainer fee upfront to secure the attorney's availability for upcoming litigation.

Synonyms

legal fee
vsretainer
32 3.8

Money paid to a lawyer or law firm for help with the law

is specifically an advance sum paid to secure services rather than any payment
retainment
vsretainer
  • Archaic
7.9

A payment made in advance to keep a professional available

is an advance payment to guarantee services without stressing a fixed period

Antonyms

27 1.5

To pay back money to someone who is unhappy or paid too much

How Large

retainer
  • Specialized
34 6.2
deposit
235 3.3
nominal
  • Specialized
29 6.8

Surface Forms

retainer singular
retainers plural

Morphology

retainer = retain (semi-transparent) = retain + er

The fee 'retainer' is derived from 'retain' in the sense of keeping someone's services, but the specialized legal/financial sense may not be obvious to all learners.

Etymology

The word retainer comes from Latin retinere, with re- meaning 'back' and tenere meaning 'to hold', and it is related to retain meaning 'to keep'. So a paid retainer is money you give to 'hold' a professional's services for you.