legal reserve


: 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 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 In the Cerrado as well, property size affects how landowners view the legal reserve requirement. Christine Ro, Forbes, 6 Jan. 2023 Agribusiness-favoring politicians have made further attempts to erode the legal reserve requirement. Christine Ro, Forbes, 6 Jan. 2023 That January, the order became the Praetorian Mutual Life Insurance Co., a legal reserve life insurance company. Spencer Bevis, Dallas News, 26 Sep. 2021 Among the reasons for the changes, GE said, were revisions of some of its assumptions and valuations, additions of $990 million to legal reserves and the change from international to U.S. accounting standards. Michael Rapoport, WSJ, 13 Mar. 2019 Pershing Square has set aside $75 million in legal reserves related to the case, according to an annual report filed by a Pershing unit. David Benoit, WSJ, 22 Dec. 2017

These examples are programmatically compiled from various online sources to illustrate current usage of the word 'legal reserve.' Any opinions expressed in the examples do not represent those of Merriam-Webster or its editors. Send us feedback about these examples.

Word History

First Known Use

circa 1902, in the meaning defined above

Time Traveler
The first known use of legal reserve was circa 1902

Dictionary Entries Near legal reserve

Cite this Entry

“Legal reserve.” Dictionary, Merriam-Webster, Accessed 18 May. 2024.

Legal Definition

legal reserve

see reserve

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