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- legal reserve noun : the minimum amount of bank deposits or life insurance company assets required by law to be kept as reserves
www.merriam-webster.com/dictionary/legal%20reserve - People also ask
LEGAL RESERVES | English meaning - Cambridge Dictionary
the smallest amount of money that financial organizations such as banks must keep to protect themselves against future financial losses, to pay legal fees, etc.: The company will increase …
Legal Reserve - (Financial Accounting II) - Vocab, Definition ...
Legal reserves help protect creditors by ensuring that a company retains sufficient funds to meet its obligations even if it faces financial difficulties. These reserves are generally reported …
Tags:LEGAL RESERVESFinancial accountingLEGAL RESERVE Definition & Meaning | Dictionary.com
Legal reserve definition: the amount of cash assets that a bank, insurance company, etc., is required by law to set aside as reserves.. See examples of LEGAL RESERVE used in a …
Tags:LEGAL RESERVES DefinitionLegal Reserves ExamplesBank ReservesLEGAL RESERVE definition and meaning | Collins English …
LEGAL RESERVE definition: the funds that a bank , insurance company, etc. is required by law to maintain as... | Meaning, pronunciation, translations and examples.
Tags:Legal ReserveCollins English Dictionarylegal reserve definition · LSData
A legal reserve is a minimum amount of liquid assets that a bank or an insurance company must maintain by law to meet depositors' or claimants' demands. It is a fund of money set aside to …
Tags:LawLegal ReserveDefinition of 'legal reserve' - Collins Online Dictionary
LEGAL RESERVE definition: the funds that a bank , insurance company, etc. is required by law to maintain as... | Meaning, pronunciation, translations and examples in American English.
Tags:Reserve Legal Definition of ReserveCollins English DictionaryLegal Reserve - FindLaw Dictionary of Legal Terms
What is 'Legal Reserve'? Learn more about legal terms and the law at FindLaw.com.
Tags:LawLegal ReserveWhat is LEGAL RESERVES? Definition of LEGAL RESERVES …
Definition of LEGAL RESERVES: Lawful, mandated minimum monetary amount a financial institution maintains as security. Cannot be used to pay depositors. Must exist in legally …
Tags:LawLEGAL RESERVES DefinitionLegal Reserves Definition - Law Insider
Define Legal Reserves. means the legal reserve allocated in accordance with Applicable Law, if any.
Tags:LawLEGAL RESERVES DefinitionLEGAL RESERVES definition | Cambridge English Dictionary
the smallest amount of money that financial organizations such as banks must keep to protect themselves against future financial losses, to pay legal fees, etc.: The company will increase …
Tags:LEGAL RESERVES DefinitionLegal Reserves ExamplesLegal Reserves FormulaReserve legal definition of Reserve - TheFreeDictionary.com …
A legal reserve is a monetary account required by law to be established by insurance companies and banks as protection against losses.
Tags:Legal Reserves ExamplesReserve Legal Definition of ReserveUS Federal ReserveDefinition of legal reserves, definition at Economic Glossary
Offline Version: PDF. Term legal reserves Definition: The total amount of vault cash or Federal Reserve deposits of a bank. These are the only bank assets that can be used legally to satisfy …
Tags:LEGAL RESERVES DefinitionReserve Legal Definition of Reservereserve Definition, Meaning & Usage | Justia Legal Dictionary
The intentional retention of a right, power, or interest, often through a clear statement. The act of delaying a decision on a legal question. An item, resource, or amount stored and ready for a …
Tags:LawLegal ReserveLegal Reserve Definition & Meaning - YourDictionary
Legal Reserve definition: The funds that a bank, insurance company, etc. is required by law to maintain as reserves.
Tags:LEGAL RESERVES DefinitionBank ReservesReserve - FindLaw Dictionary of Legal Terms
legal reserve: the minimum amount as determined by government standards of the deposits held by a bank or of the assets of a life insurance company required by law to be kept as reserves …
Tags:Bank ReservesLEGAL RESERVESBank Reserves: Definition, Purpose, Types, and Requirements
Mar 9, 2024 · Bank reserves are the cash minimums that financial institutions must have on hand in order to meet central bank requirements. This is real paper money that must be kept by the …
Tags:Types of Bank ReservesExcess ReservesFractional Reserve BankingLegal reserve Definition - Law Insider
Legal reserve means a reserve of fund balance as defined by the Governmental Accounting Standards Board (GASB) for encumbrances, or other funds not available for appropriation due …
Tags:LawLegal ReserveLegal Reserve legal definition of Legal Reserve
Legal Reserve. Liquid assets that life insurance companies are required by statute to set aside and maintain to assure payment of claims and benefits. In banking, that percentage of bank …
Tags:Legal Reserves ExamplesReserve Legal Definition of Reservelegal reserve - WordReference.com Dictionary of English
Business the amount of cash assets that a bank, insurance company, etc., is required by law to set aside as reserves. 1920–25 ' legal reserve ' also found in these entries (note: many are not …
Tags:Bank ReservesLEGAL RESERVES- Some results have been removed
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