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RETAINER

Categories: Commercial Law

Definition (1910 Edition)

1. The right of retainer is the right which the executor or administrator of a deceased person has to retain out of the assets sufficient to pay any debt due to him from the deceased in priority to the other creditors whose debts are of equal degrea 8 Steph. Comm. 263. Miller v. Irby, 63 Ala. 488; Taylor v. Deblois, 23 Fed. Cas. 765.
Source: Black's Law Dictionary, 2nd Edition (1910) — Public Domain. UK commentary and modern updates are original additions. This entry is for educational reference only and does not constitute legal advice.