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legal reserve
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noun
the amount of cash assets that a bank, insurance company, etc., is required by law to set aside as reserves.
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Origin of legal reserve
First recorded in 1920–25
Words nearby legal reserve
legal list, legal medicine, legal memory, legal pad, legal positivism, legal reserve, legal separation, legal-size, legal tender, legal weight, Leganés
Dictionary.com Unabridged
Based on the Random House Unabridged Dictionary, © Random House, Inc. 2023