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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 reserve Definition & Meaning | Merriam-Webster
WEBJan 6, 2023 · The meaning of LEGAL RESERVE is the minimum amount of bank deposits or life insurance company assets required by law to be kept as reserves.
LEGAL RESERVES | English meaning | Cambridge Dictionary
WEBthe 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 …
What is the legal reserve? | Payt Software
WEBThe legal reserve is part of a company’s equity that cannot be distributed to shareholders or used to offset any losses, for example. It is legally mandated that companies with an …
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legal reserve definition · LSData
WEBA 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 …
LEGAL RESERVE Definition & Meaning | Dictionary.com
WEBLegal 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 …
Statutory Reserves: Definition And Examples | Livewell
WEBFeb 2, 2024 · Statutory reserves are a type of financial reserve that companies are required by law to set aside to ensure their financial stability. These reserves serve as a …
LEGAL RESERVE definition and meaning | Collins English …
WEBLEGAL RESERVE definition: the funds that a bank , insurance company, etc. is required by law to maintain as... | Meaning, pronunciation, translations and examples.
What is LEGAL RESERVES? Definition of LEGAL RESERVES …
WEBDefinition of LEGAL RESERVES: Lawful, mandated minimum monetary amount a financial institution maintains as security. Cannot be used to pay depositors. Must exist …
What is the effect of saying "we reserve our ... | Law Stack …
WEBAug 2, 2015 · In communication between parties to a dispute, the phrase we reserve our client's rights is often included. I've only ever seen this used by solicitors acting for a …
Legal Reserve: Legal Reserve Requirements and Their Impact …
WEBJun 8, 2024 · Legal reserve requirements are a critical component of the banking industry, serving as a safeguard to ensure that financial institutions maintain a buffer of readily …
Reserve legal definition of Reserve | TheFreeDictionary.com …
WEBFunds set aside to cover future expenses, losses, or claims. To retain; to keep in store for future or special use; to postpone to a future time. A legal reserve is a monetary …
Legal Reserve | Encyclopedia.com
WEBLEGAL 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 …
LEGAL RESERVES definition | Cambridge English Dictionary
WEBthe 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 …
Legal Reserve Definition & Meaning | YourDictionary
WEBLegal Reserve definition: The funds that a bank, insurance company, etc. is required by law to maintain as reserves.
Legal reserve Definition | Law Insider
WEBDefine Legal reserve. means the statutory reserve account of the credit union set aside from gross earnings as a regular reserve against losses on loans and other …
Definition of 'legal reserve' | Collins Online Dictionary
WEBLEGAL RESERVE definition: the funds that a bank , insurance company, etc. is required by law to maintain as... | Meaning, pronunciation, translations and examples in …
reserve Definition, Meaning & Usage | Justia Legal Dictionary
WEBThe act of delaying a decision on a legal question. An item, resource, or amount stored and ready for a future need. The act of keeping something in reserve. Funds kept …
An Explanation of the Legal Reserve System
WEBThis policy reserve (Legal Reserve) fund is a liability to the life insurance company. The fund is established as a way of determining or measuring the assets the company must …
Legal Reservations Definition: 729 Samples | Law Insider
WEBLegal Reservations means applicable Debtor Relief Laws or other laws affecting creditors’ rights generally, general principles of equity, regardless of whether considered in a …
Legal Reserves Definition | Law Insider
WEBDefine Legal Reserves. means the legal reserve allocated in accordance with Applicable Law, if any.
Reserve Requirements: Definition, History, and Example
WEBMar 13, 2023 · Reserve requirements refer to the amount of cash that banks must hold in reserve against deposits made by their customers.
Reserve | FindLaw Dictionary of Legal Terms
WEB1: a reserve allocated by a bank for the purpose of absorbing losses [a loan loss reserve] 2: an insurance company's reserve representing the discounted value of future …
What is Legal Reserve Ratio? Explain its components. | BYJU'S
WEBLegal Reserve Ratio has two components: Cash Reserve Ratio (CRR)-It refers to cash reserves of Commercial Banks with the Central Bank as a percentage of their deposits. …
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