Legal Reserve

Legal Reserve

Liquid assets that life insurance companies are required by statute to set aside and maintain to assure payment of claims and benefits. In banking, that percentage of bank deposits that must by law be maintained in cash or equally liquid assets to meet the demands of depositors.

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068747 Baptist Healthcare System, Inc (a) L Colorado Bankers Life 008502 Insurance Company Health Care Svc Corp Mut Legal Reserve - L Cooperativa de Seguras 007607 de Vida de PR (a) L Dearborn National Life 068158 Ins Co of NY Health Care Svc Corp Mut Legal Reserve (a) L Dearborn National Life 007322 Insurance Company Health Care Svc Corp Mut Legal Reserve U L Genworth Life and 006648 Annuity Insurance Co Genworth Financial, Inc.
distributed from legal reserve and capital surplus to shareholders (NT$
The Central Bank will free up RD$20 billion in bank legal reserve money to stimulate the economy, reports Listin Diario (May 14, 2013).
LPS reported that the balance in the company's legal reserve after payment of expenses at the end of last year was $223 million.
At least 10% of each year's net profits must be kept within the company until the legal reserve stands at 50% of the share capital.
Third, there is no such thing as a legal reserve system; legal reserves are just an accounting term.
1) Transfer 10 per cent out of net profit to Legal Reserve.
Maxx and Marshalls, also reduced cash set aside in a legal reserve because of lower-than-expected costs so far from a massive data breach disclosed a year ago.
97, equivalent to 5% of the company's net profits according to the financial statements for the fiscal year ended 31 December 2006, to increase the legal reserve fund of the company.
revised its first-quarter earnings downward, mostly related to a legal reserve established for a court ruling last month on a severance-related lawsuit, the company said in a statement.
In addition, within the Atlantic Forest Program, there is a legal reserve of more than 31,000 hectares, 16,000 hectares for permanent preservation, 6000 hectares that make up the Veracruz Station, and 25,000 hectares of surplus reserves.
Legal reserve requirements remained unchanged from June, 1917 through July, 1936--the longest period in the history of the Federal Reserve in which no changes were made.

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