legal reserve

The minimum amount of liquid assets that a bank or an insurance company must maintain by law to meet depositors’ or claimants’ demands. [Cases: Banks and Banking 14, 503; Insurance 1139. C.J.S. Banks and Banking §§ 23, 674–676, 679; Insurance §§ 106–107, 116–118.]

---

词条贡献者

法律翻译Fang，毕业于新加坡知名法学院，专注翻译各类与白领犯罪与调查有关的法律文件。