legal reserve

legal reserve
legal reserve
n.
the funds that a bank, insurance company, etc. is required by law to maintain as reserves

English World dictionary. . 2014.

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Look at other dictionaries:

  • legal reserve — see reserve Merriam Webster’s Dictionary of Law. Merriam Webster. 1996. legal reserve …   Law dictionary

  • legal reserve — Liquid assets which life insurance companies are required by statute to set aside and maintain to assure payment of claims and benefits. Lubin v. Equitable Life Assur. Soc. of U. S., 326 Ill.App. 358, 61 N.E.2d 753, 754; Old Surety Life Ins. Co.… …   Black's law dictionary

  • legal reserve — Liquid assets which life insurance companies are required by statute to set aside and maintain to assure payment of claims and benefits. Lubin v. Equitable Life Assur. Soc. of U. S., 326 Ill.App. 358, 61 N.E.2d 753, 754; Old Surety Life Ins. Co.… …   Black's law dictionary

  • legal reserve — noun : 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 * * * the amount of cash assets that a bank, insurance company, etc …   Useful english dictionary

  • legal reserve — reserve required according to reserve requirements …   English contemporary dictionary

  • legal reserve of the state enterprise — valstybės įmonės privalomasis rezervas statusas Aprobuotas sritis smulkusis ir vidutinis verslas apibrėžtis Įmonės nuostoliams padengti naudojamas iš valstybės įmonės paskirstytinojo pelno sudarytas rezervas, kurio dydis turi būti ne mažesnis… …   Lithuanian dictionary (lietuvių žodynas)

  • legal reserve — See reserve …   Ballentine's law dictionary

  • legal reserve insurance — A policy of life insurance issued and maintained on the level premium basis and supported by a reserve set aside, as required by law, with which to mature or liquidate a claim accrued under the policy. 29 Am J Rev ed Ins § 56 …   Ballentine's law dictionary

  • legal reserve — noun Date: circa 1902 the minimum amount of bank deposits or life insurance company assets required by law to be kept as reserves …   New Collegiate Dictionary

  • legal reserve — the amount of cash assets that a bank, insurance company, etc., is required by law to set aside as reserves. [1920 25] * * * …   Universalium

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