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

资深译员David，毕业于亚洲顶尖的高级翻译学院，擅长翻译有关汽车业的法律文件。