legal reserve

noun

Definition of legal reserve

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

Recent Examples of legal reserve from the Web

These example sentences are selected automatically from various online news sources to reflect current usage of the word 'legal reserve.' Views expressed in the examples do not represent the opinion of Merriam-Webster or its editors. Send us feedback.

First Known Use of legal reserve

circa 1902

in the meaning defined above

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Law Dictionary

legal reserve

legal Definition of legal reserve

see reserve

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