How is Retention Limit defined in a legal contract?
- Retention Limit means an amount specified [clause], yet to be stated more specifically. Seen in 3 SEC filings.
- Retention Limit means the threshold amount, determined based on certain conditions that are not stated explicitly. Seen in 2 SEC filings.
- Retention Limit means the maximum amount of insurance that an insurance company will keep at its own risk on a single instance or risk in various classes of insurance. Seen in 1 SEC filing.
- Retention Limit means the amount of an insurance policy's benefits that a ceding company will not shift to another company. For every insurance policy reinsured automatically, the Retention Limit is specified in a certain [appendix].
Seen in 1 SEC filing. - Retention Limit means an amount determined according to a certain [clause], yet to be stated more specifically. Seen in 1 SEC filing.
Note: pulled this data out of the SEC EDGAR Database of 500,000 records from the past 22 years of filings. We regularly update this page as new filings and definitions come in.
yourself to verify these results. We are always keen to point people to source documents.
Which definition should you use?
🤔 has combined and improved the above descriptions to create market-standard 'Genie definitions' below, with guidance on which documents and which industry to use for each.
Genie Definition 1
Retention Limit means the maximum amount a company will retain at its own risk under an insurance policy.
Relevant Contract Types
Relevant Circumstances
- Crafting business insurance strategies
- Negotiating reinsurance treaties
Relevant Sectors
Genie Definition 2
Retention Limit means the portion of an insurance policy's benefits an organization will not transfer to another party.
Relevant Contract Types
Relevant Circumstances
- Establishing company's liability limits
- Transfer of risk from one party to another
Relevant Sectors
- Insurance
- Reinsurance
- Banking and Finance## Genie Definition 1
- Retention Limit means the maximum amount of specific tasks or jobs determined by [organization] for a particular role.
Relevant Contract Types
Relevant Circumstances
- Creation of new employment or consulting roles
- Changes or additions to job responsibilities
- Hiring external consultants
Relevant Sectors
Genie Definition 2
- Retention Limit means a member's Full Load Equivalent (FLC) and corresponding hours to a maximum limit determined by [organization].
Relevant Contract Types
Relevant Circumstances
- Hiring academic staff or faculty members
- Engaging independent contractors or consultants
- Restructuring of work hours or schedules
Relevant Sectors
Retention Limit means the maximum amount a company will retain at its own risk under an insurance policy.
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