| 释义 |
legal reserves
noun[ plural ]
FINANCE, LAWukus
the smallest amount of money that financial organizations such as banks must keep to protect themselves against future financial losses, to pay legal fees, etc.:
The company will increase its legal reserves by a further $4.95bn to cover the cost of litigation surrounding its role in the dispute.
Examples of legal reserves
legal reserves
The deal removes a measure of uncertainty that has lingered over the company's legalreserves over the past four years.
From TIME
That was up from a possible loss above legalreserves of $2.8 billion at the end of the third quarter.
From CNBC
Other banks might count as part of their legalreserves their deposits in reserve city banks, up to a certain proportion.
From Project Gutenberg
In what way the fact that most kinds of money can serve as legalreserves gives reason for the doctrine of fixed proportions is not made clear.
From Project Gutenberg
These examples are from corpora and from sources on the web. Any opinions in the examples do not represent the opinion of the Cambridge Dictionary editors or of Cambridge University Press or its licensors.
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