What is the synonym of retainer?

Is retainer a legal term?

Retainers are a type of compensation agreement with lawyers either for reserving their employment or as compensation for future services. General retainers are the traditional type of retainers where a lawyer agrees to handle a case or future issues that arise for a client.

Is a retainer a fee or deposit?

In a definitive sense, a retainer is a fee that is paid in advance in order to hold services (ie. a wedding or event date). While a deposit may also reserve a date, it is returned when the services have been completed. A retainer is by default non-refundable and is not returned.

What are retainer costs?

Removable and Permanent Retainer

The cost for removable clear plastic retainers is $400 to $800 for both arches while a permanent retainer is $500 per arch (lower or upper teeth). They each have their pros and cons. Permanent ones are the perfect choice for patients that want to get it and forget it.

What are examples of retainer?

Example of a Retainer Fee

A lawyer may charge a $500 retainer fee. If the lawyer charges $100 an hour, the retainer covers all services up to the five-hour limit. The lawyer then bills the client for the cost of any additional hours they invest on behalf of the client.

What are the duties of a retainer?

The purpose of the retainer agreement is to set out the duties of the parties so that all parties have an agreement on the services that will be provided, how they will be provided, when and at what cost. Retainer agreements are typically used to hire lawyers and freelancers.

How do you use retainer in a sentence?

They paid a retainer to the lawyer. They have her on a retainer.

What are the four types of retainer fees?

California attorneys have a variety of options to choose from when negotiating fee arrangements and retainers with their clients. There are generally four types of fees that may be charged—hourly fees, fixed or flat fees, true retainers, and contingent fees.

What is a monthly retainer?

What Is a Monthly Retainer? A monthly retainer is an agreement for long-term projects between a contractor and a client. It provides the contractor with stable monthly payments and the client with a stable workforce during the course of the project. The retainer can be paid upfront or after the first month of work.

How much is most retainer fees?

It may be as low as $500 or as high as $5,000 or more. Some attorneys base retainer fees on their hourly rate multiplied by the number of hours that they anticipate your case will take. Once your attorney begins work on your case, he or she subtracts the time that he or she put into the case from your retainer.

Is a retainer fee a liability?

Accounting for a Retainer Fee

If the firm is using the accrual basis of accounting, retainers are recognized as a liability upon receipt of the cash, and are recognized as revenue only after the associated work has been performed.

What happens at a retainer check?

The appointment will only take a few minutes and your orthodontist will examine your retainers to make sure they are still in great condition, ask you about how you are getting on with them and will make sure they still fit correctly.

Is a retainer fee income?

A retainer fee or retainer balance is money that your client pays upfront for services that you will perform later on. Retainer balances but be reported as income in certain scenarios.

What kind of retainer is best?

Appearance – If appearance is a priority, your best options are a clear or permanent retainer. Clear retainers are virtually invisible, which means you could wear them at any time and they barely will be noticed. The same goes for permanent retainers because the wire is positioned along the back of your front teeth.

Are retainers permanent?

A permanent retainer is a device that keeps the teeth in the same place after a person has braces. The retainers remain in the mouth long-term and only an orthodontist can remove them. With regular retainers, people can wear and remove them whenever they choose.

How to negotiate a retainer?

What is the difference between fixed price and retainer?

In contrast to one-off traditional fixed price projects, retainers guarantee constant cash flow. For consultants, a retainer would mean that they have a dedicated chunk of time to spend on the work planned for each client every month.

What is a retainer royalty?

A retainer acts as a skilled servant or aide to a noble or a House. A retainer is either a Dawnish noble's personal attendant or else an attendant to an entire noble house. Retainers are always yeomen, although some harbour a desire to prove themselves and earn an opportunity to pass a Test of Mettle.

Who needs a retainer?

When braces are removed, all patients need a retainer no matter what their age. However, age can play a part in the time you need to use a retainer. If a patient has braces as an adult, they are at greater risk of their teeth moving than if they have braces as a child or adolescent.