Reserve

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Reserve

Funds set aside to cover future expenses, losses, or claims. To retain; to keep in store for future or special use; to postpone to a future time.A legal reserve is a monetary account required by law to be established by insurance companies and banks as protection against losses.

A trial court reserves a point of law by setting it aside for future consideration and allowing the trial to proceed as if the question had been resolved, subject to alteration of the judgment in the event the court en banc decides the question differently.

West's Encyclopedia of American Law, edition 2. Copyright 2008 The Gale Group, Inc. All rights reserved.

reserve

v. to keep for oneself a right or a portion of the real property when transferring (conveying) a parcel of real estate to another. (See: reservation)

Copyright © 1981-2005 by Gerald N. Hill and Kathleen T. Hill. All Right reserved.
References in periodicals archive ?
The utilization of the lands of State natural reserves, as well as animals and plants, found within their boundaries for industrial purposes is prohibited by the law.
We sum excess reserves in each quarter across all of the banks in a group, giving us the top right figure.
We show that the crisis has altered the trade-off that banks make when calculating their desired levels of excess reserves. Banks now encounter an environment where holding reserves is much more attractive because the cost of holding them--in the form of foregone interest--is significantly lower than it was before the crisis.
After two years, it is interesting to look at the effects of paying interest on reserves and how it may have affected the funds market and banks' business models.
Lakes state has 29 geographical constituencies of which two are elected and one among two is made as reserve. Maper Constituency No.1 Mr.
"It's a good relationship between the reserves and active duty," Palacios said, explaining that the training intent is to provide Soldiers an idea of how to do operations and ensure that reservists are up to speed with the latest in technology and process.
A reserve officer, along with a full-time police officer, responded to a call regarding a baby who had stopped breathing.
During the 1970s, the Club of Rome report The Limits to Growth projected that, assuming consumption remained flat, all known oil reserves would be entirely consumed in just 31 years.
1, 2007, and the date that principles-based reserves are adopted in all 50 states, said Paul Graham, ACLI's vice president of insurance regulation and chief actuary.
In 2004, replacement reserves for all types of condominium associations combined rose to $333.26 per unit, representing 17.4 percent of total operating expenses.
The Federal Reserve Board announced on October 4, 2005, the annual indexing of the low reserve tranche and of the reserve requirement exemption amount for 2006.