Holdovers
/ˈhoʊldˌoʊvərz/
Definitions
- (n.) Persons who remain in office or possession of a position after their term has expired until a successor is appointed or qualified.
The judge continued to act as a holdover until the new appointee was confirmed.
- (n.) Assets, contracts, or obligations carried over from a previous period, often temporarily until formal resolution.
The lease included provisions for holdovers if the tenant failed to vacate on time.
Forms
- holdover
Related terms
See also
Commentary
In legal drafting, 'holdover' often appears in contracts and property law to address rights or duties persisting beyond a standard term. Precise definitions help avoid ambiguity over duration and authority.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.