Retention

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Retention

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.

Retention

Prior to a new issue, the percentage of securities given to an underwriting syndicate to place with investors after making allowances for any underwriters that are not part of the syndicate as well as placement with institutional investors.

retention

The securities that are distributed to members of an underwriting syndicate after accounting for the portion of the new issue retained for sales to institutions and members of the selling group who are not also part of the syndicate.
References in periodicals archive ?
One reason for the popularity of the retention policy in Chicago--aside from the advantages of having a popular mayor to promote it--was the strong and relatively steady improvement in the Chicago schools.
In fact, even while things were looking bad last spring, a new study by Brian Jacob of Harvard and Lars Lefgren of Brigham Young provided more evidence to support the proponents of Chicago's retention program.
The Jacob/Lefgren study, however, did not receive nearly the attention of the one-two punch effect created by the negative CCSR studies and New York's controversial unveiling of its new retention policy.
Retention opponents like Don Moore, executive director of the education reform organization Designs for Change, frequently criticized the policy for being a misuse of standardized test scores that simply overidentified poor and minority children for retention.
Though the Tribune remained a strong supporter of the retention policy, in 2003 the Chicago Sun Times published a two-part series, "The Daley Generation," that criticized it.
When the two critical CCSR studies were released, the timing couldn't have been worse for the proponents of retention.
Though longtime supporters of stronger accountability were quick to express their dismay at what seemed to be the school board's even quicker abandonment of the math component of the retention standard, the Tribune's "surrender" editorial predicted what was likely to happen.
All but unnoticed at the time, however, were the CCSR studies that had found benefits in the retention program, as well as the Jacob/Lefgren research, which seemed to dispute some of the substantive negative findings, at least as they applied to the effect of retention on third graders.
Risk retention isn't a capital-free decision, and approaching it that way to save on premiums can be disastrous for a company.
Multi-year arrangements can still be very useful vehicles for risk retention, but before embarking on one, be sure you understand the accounting rules thoroughly.
Headquartered in Santa Monica, CA, Retention Science investors include Upfront Ventures, Forerunner Ventures, Mohr Davidow Ventures, Baroda Ventures, Pritzker Group, Double M Ventures, and Karlin Ventures.
Media Contact: Marko Stankovic, Retention Science, (310) 598-6658, Marko@retentionscience.