Showing results for legal reserve. Search instead for legalized hemp-derived.

legal reserve

American

noun

the amount of cash assets that a bank, insurance company, etc., is required by law to set aside as reserves.

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

At that time there were 138 legal reserve companies with aggregate assets of $2,924,253,848.

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

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

The land is mine, all right enough, but is no part of my available assets—it's my "legal reserve."

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