depreciation reserve

depreciation reserve. An account, esp. of a public utility, built up to offset the depreciation of property because of time and use, so that at the end of the property’s service, there is enough money to replace the property. [Cases: Public Utilities 127. C.J.S. Public Utilities § 28, 37.]

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词条贡献者

双语律师Stephanie，毕业于法国一流的高级翻译学院，擅长翻译各类与上诉案件相关的法律文件。