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.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

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.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved

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.
Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor by David L. Scott. Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved. All rights reserved.
References in periodicals archive ?
Some examples of this coagulant concept being used in different parts of the industry include internal size promotion or fixation, efficiency gains for wet end starch and dry strength additives, optical whitener quenching, incoming water color removal, effluent neutralization prior to the clarifier, dual polymer retention systems, and drainage aids for save alls and forming fabrics.
Retentions mean payment for work done is delayed, sometimes substantially.
Following are the team with their respective retentions:
Think of a retention as something akin to the deductible on your car or homeowners insurance policy.
Karen Kyer, executive sales underwriter at The Hanover Insurance Group Inc., says that much of the art of setting the right retention level relates to "the use of the device, whether or not it is used in the clinical setting or home use, number of devices on the market, etc.
At the 75th percentile level, the very high retentions ($1 million and $2 million) still look to be the best choices, being immaterially higher in the soft market and lower in the expected and hard markets.
Here, unlike in some property risks for example, guessing wrong and setting low retention levels may court bankruptcy.
Many of these strength aids also positively affect retention and drainage.
Economic optimization in terms of cost-benefit applied to the expected value of loss to seek optimum retentions just doesn't work, in principle.
While New York churned, Chicago, where a pioneering student retention policy had been in effect since 1997, was hit in April by two studies from the Consortium on Chicago School Research (CCSR), a nonprofit group affiliated with the University of Chicago.
The overly simplistic view of retention as a panacea for education woes ignores its negative impact on children.
* Viewing risk as an investment decision means moving your retentions up and down more often, based on your claim results and risk transfer costs.