retainer

Definition

A partial fee paid in advance for professional services.

Use retainer in a sentence

You may want to ask for a retainer before you start investing to much when working with another company for the first time.

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The retainer was provided which ensured optimal rapport between the new business partners that would be working on the project together.

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My lawyers started working as soon as I paid the retainer and collected the rest of their fee when the sale they were handling was complete.

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