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
reserve account, reserve fundnoun
funds taken out of earnings to provide for anticipated future payments
ChatGPT
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.
Matched Categories
Numerology
Chaldean Numerology
The numerical value of reserve account in Chaldean Numerology is: 3
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. 27 Jul 2024. <https://www.definitions.net/definition/reserve+account>.
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