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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%20res…legal reserves noun [ plural ] FINANCE, LAW uk us Add to word list 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.:
dictionary.cambridge.org/us/dictionary/english/lega…Meaning of legal reserves in English legal reserves noun [ plural ] FINANCE, LAW uk us Add to word list 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.:
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WEBMar 13, 2023 · Reserve requirements are the amount of funds that a bank holds in reserve to ensure that it is able to meet liabilities in case of sudden withdrawals.
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WEBJan 17, 2022 · The reserve ratio is specified by the Federal Reserve Board’s Regulation D. Regulation D created a set of uniform reserve requirements for all depository institutions with transaction...
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WEBMar 9, 2024 · Required and Excess Bank Reserves. Bank reserves are termed either required reserves or excess reserves. The required reserve is the minimum cash the bank can keep on hand. The excess...
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What is the reserve requirement? A. The legal minimum …
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