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
The Mutual Life Insurance Company of New York, which is the oldest legal reserve life insurance company in America, reported 1923 as the greatest year in its 81 years of existence.
From Time Magazine Archive
About 90% of this has been switched from the assessment type to the legal reserve basis of the old-line insurance companies.
From Time Magazine Archive
Some 365 legal reserve life insurance companies in the U. S. have assets totaling over $28,000,000,000.
From Time Magazine Archive
If the Government were opposed to making a minimum legal reserve requirement of banks, it could limit its sales of drafts to demand drafts or even, if need be, to short-time drafts.
From Readings in Money and Banking Selected and Adapted by Phillips, Chester Arthur
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.
