Definition of legal reserve
: the minimum amount of bank deposits or life insurance company assets required by law to be kept as reserves
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Recent Examples of legal reserve from the Web
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Pershing Square has set aside $75 million in legal reserves related to the case, according to an annual report filed by a Pershing unit.
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
Law Dictionary
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