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

Examples of legal reserve in a Sentence

Recent Examples on the Web 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 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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Time Traveler for legal reserve

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The first known use of legal reserve was circa 1902

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Dictionary Entries Near legal reserve

legal remedy

legal reserve

legal reversion

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Cite this Entry

“Legal reserve.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/legal%20reserve. Accessed 23 Sep. 2021.

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More Definitions for legal reserve

legal reserve

Legal Definition of legal reserve

— see reserve

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