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1 definition found
 for insurance reserve
From The Collaborative International Dictionary of English v.0.48 :

  Reserve \Re*serve"\, n. [F. r['e]serve.]
     1. The act of reserving, or keeping back; reservation.
        [1913 Webster]
  
              However any one may concur in the general scheme, it
              is still with certain reserves and deviations.
                                                    --Addison.
        [1913 Webster]
  
     2. That which is reserved, or kept back, as for future use.
        [1913 Webster]
  
              The virgins, besides the oil in their lamps, carried
              likewise a reserve in some other vessel for a
              continual supply.                     --Tillotson.
        [1913 Webster]
  
     3. That which is excepted; exception.
        [1913 Webster]
  
              Each has some darling lust, which pleads for a
              reserve.                              --Rogers.
        [1913 Webster]
  
     4. Restraint of freedom in words or actions; backwardness;
        caution in personal behavior.
        [1913 Webster]
  
              My soul, surprised, and from her sex disjoined,
              Left all reserve, and all the sex, behind. --Prior.
        [1913 Webster]
  
              The clergyman's shy and sensitive reserve had balked
              this scheme.                          --Hawthorne.
        [1913 Webster]
  
     5. A tract of land reserved, or set apart, for a particular
        purpose; as, the Connecticut Reserve in Ohio, originally
        set apart for the school fund of Connecticut; the Clergy
        Reserves in Canada, for the support of the clergy.
        [1913 Webster]
  
     6. (Mil.)
        (a) A body of troops in the rear of an army drawn up for
            battle, reserved to support the other lines as
            occasion may require; a force or body of troops kept
            for an exigency.
        (b) troops trained but released from active service,
            retained as a formal part of the military force, and
            liable to be recalled to active service in cases of
            national need (see Army organization, above).
            [1913 Webster +PJC]
  
     7. (Banking) Funds kept on hand to meet liabilities.
        [1913 Webster]
  
     8. (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 (in 1913) 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.
        [Webster 1913 Suppl.]
  
     9. In exhibitions, a distinction which indicates that the
        recipient will get a prize if another should be
        disqualified.
        [Webster 1913 Suppl.]
  
     10. (Calico Printing) A resist.
         [Webster 1913 Suppl.]
  
     11. A preparation used on an object being electroplated to
         fix the limits of the deposit.
         [Webster 1913 Suppl.]

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