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direct
(redirected from direct retainer)

    Also found in: Dictionary/thesaurus, Medical, Legal, Encyclopedia, Wikipedia, Hutchinson 0.01 sec.
direct (federal) government obligation
A debt that is backed by the full taxing power of the U.S. government. Direct obligations include Treasury bills, Treasury bonds, and U.S. savings bonds. These investments are generally considered to be of the very highest quality. See also federal agency security.


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The SCAG is particularly concerned about consumer protection issues, noting that the Trade Practices Act 1974 (Cth) and State Fair Trading laws may not provide sufficient protection, that litigation funders often enter a direct retainer with solicitors limiting the professional duties owed to the "plaintiffs", and that unfair funding arrangements are often not discovered because cases are frequently settled before trial.
Insurers' Alert - Litigation Funding: In the Public Interest by Mondaq Business Briefing
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