Placeholder
/ˈpleɪsˌhoʊldər/
Definitions
- (n.) A term used to indicate a temporary substitute or stand-in in legal documents or transactions until the final term or party is specified.
The agreement included a placeholder for the buyer's identity pending final approval.
See also
Commentary
In legal drafting, placeholders aid clarity during negotiation stages but should be replaced with definitive terms to avoid ambiguity.
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.