What does reserve account mean?

Definitions for reserve account
re·serve ac·count

This dictionary definitions page includes all the possible meanings, example usage and translations of the word reserve account.

Princeton's WordNet

  1. reserve account, reserve fundnoun

    funds taken out of earnings to provide for anticipated future payments

ChatGPT

  1. reserve account

    A reserve account is an account in which a portion of a company's revenues or profits are set aside for specific future anticipated costs, responsibilities, or obligations. These accounts are usually used as a safety net for potential liabilities or contingencies. They can also be established to cover depreciation of assets, debt services, repairs and maintenance, or any other unexpected costs.

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Numerology

  1. Chaldean Numerology

    The numerical value of reserve account in Chaldean Numerology is: 3

  2. Pythagorean Numerology

    The numerical value of reserve account in Pythagorean Numerology is: 7

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"reserve account." Definitions.net. STANDS4 LLC, 2024. Web. 20 Jun 2024. <https://www.definitions.net/definition/reserve+account>.

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