What does retention period mean?
Definitions for retention period
re·ten·tion pe·ri·od
This dictionary definitions page includes all the possible meanings, example usage and translations of the word retention period.
Wikipedia
Retention period
A retention period (associated with a retention schedule or retention program) is an aspect of records and information management (RIM) and the records life cycle that identifies the duration of time for which the information should be maintained or "retained," irrespective of format (paper, electronic, or other). Retention periods vary with different types of information, based on content and a variety of other factors, including internal organizational need, regulatory requirements for inspection or audit, legal statutes of limitation, involvement in litigation, and taxation and financial reporting needs, as well as other factors as defined by local, regional, state, national, and/or international governing entities.Once an applicable retention period has elapsed for a given type or series of information, and all holds/moratoriums have been released, the information is typically destroyed using an approved and effective destruction method, which renders the information completely and irreversibly unusable via any means. Alternatively, it may be converted from one form to another (e.g. from paper to electronic), depending on the defined retention period per format. Information with historical value beyond its "usable value" may be accessioned to the custody of an archive organization for permanent or extended long-term preservation.
Numerology
Chaldean Numerology
The numerical value of retention period in Chaldean Numerology is: 2
Pythagorean Numerology
The numerical value of retention period in Pythagorean Numerology is: 7
Translations for retention period
From our Multilingual Translation Dictionary
- فترة الاحتفاظArabic
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"retention period." Definitions.net. STANDS4 LLC, 2024. Web. 28 Apr. 2024. <https://www.definitions.net/definition/retention+period>.
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