Retrenchment
/rɪˈtrɛn(t)ʃmənt/
Definitions
- (n.) The act of reducing expenditures or workforce, often by a business or government to improve financial health.
The company announced a retrenchment plan to cut costs and avoid bankruptcy.
- (n.) A legal defense or pleading that reduces the scope of a demand or claim, limiting liability or obligations.
The defendant filed a retrenchment to restrict the damages claimed by the plaintiff.
Forms
- retrenchments
Related terms
See also
Commentary
In business law, retrenchment usually refers to financial or workforce reductions; in litigation, it can denote a narrowing of claims or demands through specific defenses.
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.