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

译员海燕，毕业于法国顶尖的高级翻译学院，专注翻译各种与破产对抗诉讼有关的法律文件。