reserve account in English
surplus of income compared to expenses, total of accumulated profits, surplus money
Use "reserve account" in a sentence
1. Reserve account : an account with the national central bank on which a counterparty's reserve holdings are maintained.
2. Incurred But not reported (IBNR) is a reserve account used by insurance companies to compensate for claims that have not yet been reported
3. Commingling Reserve means the monies standing to the credit of the Commingling Reserve Account at any given time.On the Issue Date, the proceeds of the Commingling Reserve Subordinated Loan (these being a portion of the Subordinated Loan granted by FCAB) in an amount equal to € 28,000,000 will be credited into the Commingling Reserve Account.Upon the occurrence of: