practice. To engage the services of an attorney or counselor to manage a cause, at which time it is usual to give him a fee, called the retaining fee. The act by which the attorney is authorized to act in the case is called a retainer. 2. Although it is not indispensable that the retainer should be in writing, unless required by the other side, it is very expedient. It is … [Read more...]

Securities that have been acquired as a result of a transaction but are not available or able to be made available for public purchase. … [Read more...]

The net income and earnings of the business that are not distributed to shareholders via dividends and are reinvested in the core business or used to pay debt. … [Read more...]

A limitation on one's ability to act which may be by statute, by regulation or by contract. In the case of land registered under the English land transfer act 1875, a restriction is an entry on the register made on the application of the registered proprietor of the land, the effect of which hi to prevent the transfer of the land or the creation of any charge upon it, unless … [Read more...]

(A) The act of withholding what one has in one's own hands by virtue of some right. 2. An executor or administrator is entitled to retain in certain cases, for a debt due to him by the estate of a testator or intestate. 3. It is proposed to inquire, 1. Who may retain. 2. Against whom. 3. On what claims. 4. What amount may be retained. (B) practice. The act of a client, by which … [Read more...]