reserve account
noun
an account containing funds set aside for a particular purpose or for unforeseen needs.
reserve accounts
-
pluralof reserve account.plural
The grammatical form denoting more than one person, place, thing, or idea.
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.
Many HOAs are under pressure to meet stricter safety standards enacted after the 2021 Surfside condo collapse in Florida, including bans on underfunding structural reserve accounts.
From The Wall Street Journal ● Aug. 2, 2026
The governor is proposing that he declare a budget emergency this summer, which is required by law to draw down the reserve accounts.
From Los Angeles Times ● Jan. 10, 2024
Some education advocates have suggested charter schools, particularly the city’s larger networks, dip into their reserve accounts to fund teacher raises.
From Washington Post ● Feb. 19, 2023
Brian McLean, who runs a company based in Bellevue, Washington, that helps manage 80 homeowners associations, said that while some of the boards have fully funded reserve accounts, others have depleted savings.
From Seattle Times ● Jul. 1, 2021
It was never the intention of the Federal Reserve Act that member banks should continue the maintenance of these reserve accounts.
From Readings in Money and Banking Selected and Adapted by Chester Arthur Phillips
