Definition for word 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.

Explination we found from Wikipedia for reserve.

- reserve (sometimes reserves) may refer to: economic : official gold reserves , held by central banks as a store of value. exchange reserves , the
- a nature reserve (natural reserve, nature preserve, natural preserve, bioreserve, or just preserve) is a protected area of importance for
- the united states army reserve (usar) is the federal reserve force of the united states army . together, the army reserve and the army
- the federal reserve system (also known as the federal reserve, and informally as the fed) is the central bank ing system of the united
- in canada , an indian reserve is specified by the indian act as a 'tract of land, the legal title to which is vested in her majesty , that
- a military reserve force is a military organization composed of citizens of a country who combine a military role or career with a civilian
- the air force reserve command (afrc) is a major command (majcom) of the united states air force , with its headquarters stationed at
- the united states navy reserve (usnr), until 2005 known as the united states naval reserve is the reserve component (rc) of the united
- a military reserve, reserve formation, or simply reserve, is a group of military personnel or units which are initially not committed to a
- a reserve fleet is a collection of naval vessels of all types that are fully equipped for service but are not currently needed, and thus

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