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English definition of “retainer”

retainer

noun [C or U]     /rɪˈteɪnər/ MANAGEMENT, HR
an amount of money that you pay to a lawyer, consultant (= someone paid to give expert advice or training), etc. in order to be sure that they can work for you when you need them to: The firm retained White as a consultant, paying him a $5,000 retainer.get/be on/receive a retainer Penn's firm is on a retainer of $15,000 to $20,000 per month. An elite 15% of all headhunters are on retainer, reaping two-thirds of their pay up front. an annual/monthly retainer
(Definition of retainer noun from the Cambridge Business English Dictionary © Cambridge University Press)
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