reserve account

  1. funds taken out of earnings to provide for anticipated future payments
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How To Use reserve account In A Sentence

  • The general reserve account is the main fund that pays for day-to-day departmental services.
  • Thirdly, save for its existence as a paper entry, it is unclear what assets are in the Business Reserve Account or in whose names.
  • National central banks would be required to accept all checks denominated in their currencies and finalize payment by debiting the domestic reserve accounts of the originating banks.
  • Another condition requires Harvard to establish a reserve account to make sure that the insurer can pay outstanding medical bills.
  • Most property owners would applaud any effort to squirrel money away for a rainy day but the sheer size of the city's reserve accounts would indicate a closer look.
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