initial reserve

noun

Definition of initial reserve

: the terminal reserve for a life-insurance policy as of the close of the preceding year plus the net premium for the current year

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Dictionary Entries Near initial reserve

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initial reserve

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Cite this Entry

“Initial reserve.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/initial%20reserve. Accessed 22 Oct. 2021.

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