Definition

Retention of Title Clause

Retention of Title Clause is a contract clause whereby a seller declares his intention to retain title or ownership over the contract goods until payment by the buyer is completed.

Share it:  Cite

More from this Section

  • Bid and Ask Quotations
    Interbank quotations are given as a bid and ask (also referred to as offer). A bid is ...
  • Forward Exchange Contract (FEC)
    Forward Exchange Contract (FEC) is an agreement entered into between customer and his ...
  • IPO
    Initial public offering (IPO) is a type of public offering in which shares of a company ...
  • Asset utilization
    Asset utilization is the ratio of a bank’s total operating revenues to its total assets, ...
  • Volatility of interest rate
    Volatility of interest rate refers the changing seismograph of interest rate observed ...