legal reserve
noun
: the minimum amount of bank deposits or life insurance company assets required by law to be kept as reserves
Examples of legal reserve in a Sentence
Recent Examples on the Web
This legal reserve requirement is lower in Brazil’s other biomes, for instance at 20% in the Pantanal wetlands and 35% in the Cerrado savanna.
—
Christine Ro, Forbes, 6 Jan. 2023
In the Cerrado as well, property size affects how landowners view the legal reserve requirement.
—Christine Ro, Forbes, 6 Jan. 2023
Agribusiness-favoring politicians have made further attempts to erode the legal reserve requirement.
—Christine Ro, Forbes, 6 Jan. 2023
That January, the order became the Praetorian Mutual Life Insurance Co., a legal reserve life insurance company.
—Spencer Bevis, Dallas News, 26 Sep. 2021
Among the reasons for the changes, GE said, were revisions of some of its assumptions and valuations, additions of $990 million to legal reserves and the change from international to U.S. accounting standards.
—Michael Rapoport, WSJ, 13 Mar. 2019
Pershing Square has set aside $75 million in legal reserves related to the case, according to an annual report filed by a Pershing unit.
—David Benoit, WSJ, 22 Dec. 2017
These examples are automatically compiled from online sources to
illustrate current usage. Opinions expressed in the examples do not represent those of
Merriam-Webster or its editors.
Send us feedback
about these examples.
Christine Ro, Forbes, 6 Jan. 2023
In the Cerrado as well, property size affects how landowners view the legal reserve requirement.
—Christine Ro, Forbes, 6 Jan. 2023
Agribusiness-favoring politicians have made further attempts to erode the legal reserve requirement.
—Christine Ro, Forbes, 6 Jan. 2023
That January, the order became the Praetorian Mutual Life Insurance Co., a legal reserve life insurance company.
—Spencer Bevis, Dallas News, 26 Sep. 2021
Among the reasons for the changes, GE said, were revisions of some of its assumptions and valuations, additions of $990 million to legal reserves and the change from international to U.S. accounting standards.
—Michael Rapoport, WSJ, 13 Mar. 2019
Pershing Square has set aside $75 million in legal reserves related to the case, according to an annual report filed by a Pershing unit.
—David Benoit, WSJ, 22 Dec. 2017
Dictionary Entries Near legal reserve
Cite this Entry
“Legal reserve.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/legal%20reserve. Accessed 14 Nov. 2024.
Copy CitationLove words? Need even more definitions?
Merriam-Webster unabridged
Share