legal reserve

noun

Definition of legal reserve

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

First Known Use of legal reserve

circa 1902


Law Dictionary

legal reserve

Learn More about legal reserve


Seen and Heard

What made you want to look up legal reserve? Please tell us where you read or heard it (including the quote, if possible).

Love words? Need even more definitions?

Subscribe to America's largest dictionary and get thousands more definitions and advanced search—ad free!

WORD OF THE DAY

to bring about or cause (something)

Get Word of the Day daily email!

Test Your Vocabulary

The Emoji Quiz

  • emoji-the-quiz
  • What phase of the moon is this: 🌖 ?
True or False

Test your knowledge - and maybe learn something along the way.

TAKE THE QUIZ
Add Diction

Test Your Knowledge - and learn some interesting things along the way.

TAKE THE QUIZ

Love words? Need even more definitions?

Subscribe to America's largest dictionary and get thousands more definitions and advanced search—ad free!