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
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
Last week Bill Douglas declared that at the end of 1937 there were 308 legal reserve companies with aggregate assets of $26,249,049,219.
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
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.
