Definition of initial reserve. Meaning of initial reserve. Synonyms of initial reserve

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Definition of initial reserve

initial reserve
Reserve Re*serve", n. 1. (Finance) (a) That part of the assets of a bank or other financial institution specially kept in cash in a more or less liquid form as a reasonable provision for meeting all demands which may be made upon it; specif.: (b) (Banking) Usually, the uninvested cash kept on hand for this purpose, called the real reserve. In Great Britain the ultimate real reserve is the gold kept on hand in the Bank of England, largely represented by the notes in hand in its own banking department; and any balance which a bank has with the Bank of England is a part of its reserve. In the United States the reserve of a national bank consists of the amount of lawful money it holds on hand against deposits, which is required by law to be not less than 15 per cent (--U. S. Rev. Stat. secs. 5191, 5192), three fifths of which the banks not in a reserve city (which see) may keep deposited as balances in national banks that are in reserve cities (--U. S. Rev. Stat. sec. 5192). (c) (Life Insurance) The amount of funds or assets necessary for a company to have at any given time to enable it, with interest and premiums paid as they shall accure, to meet all claims on the insurance then in force as they would mature according to the particular mortality table accepted. The reserve is always reckoned as a liability, and is calculated on net premiums. It is theoretically the difference between the present value of the total insurance and the present value of the future premiums on the insurance. The reserve, being an amount for which another company could, theoretically, afford to take over the insurance, is sometimes called the reinsurance fund or the self-insurance fund. For the first year upon any policy the net premium is called the initial reserve, and the balance left at the end of the year including interest is the terminal reserve. For subsequent years the initial reserve is the net premium, if any, plus the terminal reserve of the previous year. The portion of the reserve to be absorbed from the initial reserve in any year in payment of losses is sometimes called the insurance reserve, and the terminal reserve is then called the investment reserve. 2. In exhibitions, a distinction which indicates that the recipient will get a prize if another should be disqualified. 3. (Calico Printing) A resist. 4. A preparation used on an object being electroplated to fix the limits of the deposit. 5. See Army organization, above.

Meaning of initial reserve from wikipedia

- The Selected Reserve (also called SELRES, SR, or mistakenly Selective Reserve) are the members of a U.S. military Ready Reserve unit that are enrolled...
- An initial coin offering (ICO) or initial currency offering is a type of funding using cryptocurrencies. Mostly the process is done by crowdfunding but...
- Foreign exchange reserves (also called forex reserves or FX reserves) are cash and other reserve ****ets held by a central bank or other monetary authority...
- The United States Army Reserve (USAR) is a reserve force of the United States Army. Together, the Army Reserve and the Army National Guard constitute...
- Activated in the reserve on 2 September 1949 Ordered to active service on 15 March 1951 Inactivated on 1 April 1951 Activated in the reserve on 14 June 1952...
- The reserve requirement (or cash reserve ratio) is a central bank regulation emplo**** by most, but not all, of the world's central banks, that sets the...
- formalized as the Cooking Lake Forest Reserve in 1899, the first such reserve in Canada. A part of the reserve was given further protection in 1906 as...
- The 108th Training Command (Initial Entry Training) is a United States Army Reserve unit headquartered in Charlotte, North Carolina. At its activation...
- has initial min- 'islandlike'. The plus or minus of aa- is found in several medial elements in Ojibwe and other Algonquian languages. The reserve's former...
- The Reserve Bank of India (RBI) is India's central bank, which controls the issuance and supply of the Indian rupee. RBI is the regulator of entire Banking...
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