legal reserve
Americannoun
Etymology
Origin of legal reserve
First recorded in 1920–25
Example Sentences
Examples are provided to illustrate real-world usage of words in context. Any opinions expressed do not reflect the views of Dictionary.com.
Lovejoy thought about the Brazilian law and realized that the legal reserve could provide a way to probe these questions.
From Nature • Apr. 17, 2013
Some 365 legal reserve life insurance companies in the U. S. have assets totaling over $28,000,000,000.
From Time Magazine Archive
Since the average legal reserve is approximately 10%, the "excess" will suffice for additional deposits up to ten times that surplus.
From Time Magazine Archive
At that time there were 138 legal reserve companies with aggregate assets of $2,924,253,848.
From Time Magazine Archive
He is told by the agent of an old liner of its enormous "legal reserve," and innocently supposes this to be a portion of its available assets—the one thing which makes it "solid."
From Brann the Iconoclast — Volume 10 by Brann, William Cowper
Definitions and idiom definitions from Dictionary.com Unabridged, based on the Random House Unabridged Dictionary, © Random House, Inc. 2023
Idioms from The American Heritage® Idioms Dictionary copyright © 2002, 2001, 1995 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company.
