Retention is the number of units allocated to an underwriting syndicate member less the units held back by the syndicate manager for facilitating institutional sales and for allocation to nonmember firms. In the context of construction contracts, an amount retained from construction contract payments (5-15% of the contract price) to ensure the contractor completes the construction before the retention is returned.
Barry Goldsmith
| APA | Barry Goldsmith. (2010). retention. Retrieved September 20, 2026, from http://smartdefine.org/retention/definitions/1162449 |
| Chicago | Barry Goldsmith. 2010. "retention" http://smartdefine.org/retention/definitions/1162449 (accessed September 20, 2026). |
| Harvard | Barry Goldsmith 2010, retention, Smart Define, viewed 20 September, 2026, <http://smartdefine.org/retention/definitions/1162449>. |
| MLA | Barry Goldsmith. "retention" 21 October 2010. Web. 20 September 2026. <http://smartdefine.org/retention/definitions/1162449> |