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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, 2025. Web. 15 Jan. 2025. <https://www.definitions.net/definition/reserve+account>.

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1 Comment
  • Hayelom Girmay Ethiopia
    Hayelom Girmay Ethiopia
    Reserve Account

    Also found in: Dictionary/thesaurus.
    Reserve account
    A separate amount of cash or letter of credit to service a payment requirement such as debt service or maintenance.
    Copyright © 2012, Campbell R. Harvey. All Rights Reserved.
    Allowance for Doubtful Accounts.
    Extra funds from sales, or another source, set aside in order to pay off bad debt if and when it arises. The allowance helps a company ward off any potential cash flow problems should its credit sales not be repaid as expected. On financial statements, it is important to note that an allowance for bad debts exists for fiscal conservatism and not because one expects a large amount of bad debt to accumulate. An allowance for doubtful accounts is also called a cushion. Banks call these funds the loan loss reserve. See also: Savings accoAdd a comment...     
    LikeReply10 years ago

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