legal reserve

noun

: the minimum amount of bank deposits or life insurance company assets required by law to be kept as reserves

Examples of legal reserve in a Sentence

Recent Examples on the Web

The intention of the legal reserve fund, in which, essentially, claimants will be paying to defend the Sacklers against other claimants, is to satisfy the court’s ruling. — Jan Hoffman, New York Times, 23 Jan. 2025

The states, which are responsible for the bulk of the payments to the legal reserve fund, would have to keep a minimum of $200 million in the account, with total contributions capped at $800 million. — Democrat-Gazette Staff From Wire Reports, arkansasonline.com, 24 Jan. 2025

This legal reserve requirement is lower in Brazil’s other biomes, for instance at 20% in the Pantanal wetlands and 35% in the Cerrado savanna. — Christine Ro, Forbes, 6 Jan. 2023

The company said that its quarter included a $360 million net loss related to a legal reserve and that foreign currency effects lowered earnings by $223 million. — ABC News, 1 May 2026

Word History

First Known Use

circa 1902, in the meaning defined above

Rhymes for legal reserve

• conserve
• deserve
• manoeuvre
• observe
• preserve
• subserve
• curve
• mirv
• nerve
• serve
• swerve
• verve

Legal Definition

legal reserve

see also:

reserve