reserve


reserve
Verb: To appropriate to a particular purpose. To exclude. To set aside. To set apart from that which has been granted. To make a reservation. Meigs v M'Clung's Lessee (US) 9 Cranch 11, 17, 3 L Ed 639, 641. Noun: An organization of the Armed Forces, holding men for training without serious disruption of their civilian activities, but subject to call of active service. A fund or sum of money retained for a special purpose. A fund of a bank, known as a legal reserve, being required by law in an amount proportioned to the deposits by way of assurance to depositors of opportunity to withdraw cash as they need or desire it. State v Brewer, 202 NC 187, 162 SE 363, 81 ALR 1424. In insurance, a sum of money variously computed or estimated, which, with accretions from interest, is set aside, as a fund with which to mature or liquidate, either by payment or reinsurance with other companies, future unaccrued and contingent claims, and claims accrued but contingent and indefinite as to amount or time of payment. Maryland Casualty Co. v United States, 251 US 342, 64 L Ed 297, 40 S Ct 155. In the distinctive meaning in respect of life insurance maintained on the level premium basis:-the accummulated saving upon a policy which results from the fact that the amount of the premium is greater than the mortality cost during the early years of the insurance and less than the mortality cost in later years, such amount constituting the source of the non-forfeiture value of the policy upon lapse. Williams v Union Central Life Ins. Co. 291 US 170, 78 L Ed 711, 54 S Ct 348, 92 ALR 693. The amount of money or assets necessary for a life insurance company to have at any given time to enable it, with interest gained and premiums paid as they shall mature, to meet all claims on the insurance policies then in force as they shall become due according to the particular mortality table accepted; to be reckoned as a liability, and calculated on net premiums; theoretically, the difference between the present value of the total insurance and the present value of the future premiums on the insurance. Anno: 13 ALR 187. See loss and loss expense reserve; mean reserve; terminal reserve; unearned premium reserve.

Ballentine's law dictionary. . 1998.

Synonyms:

Look at other dictionaries:

  • Reserve- — Reserve …   Deutsch Wörterbuch

  • Reserve — Reserve …   Deutsch Wörterbuch

  • réserve — [ rezɛrv ] n. f. • 1342; de réserver I ♦ (Abstrait) Le fait de garder pour l avenir. 1 ♦ Dr. Clause restrictive qu on ajoute afin de ne pas se trouver lié par une obligation. Faire ses réserves : se prémunir contre l interprétation qui pourrait… …   Encyclopédie Universelle

  • réservé — réserve [ rezɛrv ] n. f. • 1342; de réserver I ♦ (Abstrait) Le fait de garder pour l avenir. 1 ♦ Dr. Clause restrictive qu on ajoute afin de ne pas se trouver lié par une obligation. Faire ses réserves : se prémunir contre l interprétation qui… …   Encyclopédie Universelle

  • reserve — re·serve 1 vt re·served, re·serv·ing: to keep back or set apart: as a: to keep (a right, power, or interest) esp. by express declaration all rights reserved compare waive b: to defer a determination of (a question of law) …   Law dictionary

  • Reserve — (sometimes Reserves) may refer to:* Course reserve, library materials reserved for particular users * Dynamic reserve, the set of metabolites that the organism can use for metabolic purposes * Reserve clause, in North American professional sports …   Wikipedia

  • Reserve — Re*serve , n. [F. r[ e]serve.] 1. The act of reserving, or keeping back; reservation. [1913 Webster] However any one may concur in the general scheme, it is still with certain reserves and deviations. Addison. [1913 Webster] 2. That which is… …   The Collaborative International Dictionary of English

  • réservé — réservé, ée (ré zèr vé, vée) part. passé de réserver. 1°   Retenu, en parlant d une portion de chose, ou d une chose entre plusieurs. La propriété d un domaine vendue, mais l usufruit réservé.    Biens réservés, biens dont un testateur ne peut… …   Dictionnaire de la Langue Française d'Émile Littré

  • Reserve — Réserve Cette page d’homonymie répertorie les différents sujets et articles partageant un même nom …   Wikipédia en Français

  • Reserve — Reserve, WI U.S. Census Designated Place in Wisconsin Population (2000): 436 Housing Units (2000): 252 Land area (2000): 53.009057 sq. miles (137.292821 sq. km) Water area (2000): 0.698415 sq. miles (1.808887 sq. km) Total area (2000): 53.707472… …   StarDict's U.S. Gazetteer Places

  • Reserve — (von franz. réserve, dt. ‚Vorrat‘) steht für Reserve (Militärwesen), beim Militär in Bereitschaft stehende zusätzliche Kräfte und Truppen Goldreserve, eine staatliche Währungsdeckung oder Notrücklage Notvorrat, Notvorhaltung von Lebensmitteln… …   Deutsch Wikipedia


Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”

We are using cookies for the best presentation of our site. Continuing to use this site, you agree with this.