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legal reserve

   Also found in: Legal 0.01 sec.
legal reserve
n.
The sum of money that a bank or an insurance company is required by law to set aside as security.
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To achieve the targeted contribution this year, the CBC will have to rake in NT$265 billion of earnings, since it first has to appropriate minimum 20% of its earnings for legal reserves.
CBC to raise its contribution to national treasury by The Taiwan Economic News
2 billion yen due to a heavy loss on shareholdings and a greater profit transfer to legal reserves.
BOJ profit payment to gov't falls to 4-year low on stock market drop by Japan Weekly Monitor
The bank aims to boost its legal reserves -- part of its capital -- by some 60 billion yen (598 million dollars) a year by reducing the amount it pays to the state coffers, the newspaper reported.
Bank of Japan to bolster capital: report by AFP / AFP Asian Edition
 
 
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