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.]

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词条贡献者

双语律师Lorna，国际知名商学院金融专业，擅长翻译涉及金融创新和金融科技领域的法律文件。