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 ?
Ms Taylor added: "If there is a problem with your retention form and we can't get hold of you, we have no choice but to post the form back.
Malecki, CPCU, comments in the October 1993 issue of Malecki on Insurance that, while there are some fairly standard Insurance Service Office forms for deductibles in liability policies, self-insured retention forms tend to be manuscript.
This research shows how email retention forms part of the overall business intelligence strategy and how, with the right tools, an existing asset like email data can deliver long-term value to organizations of all sizes.