reserve account
- noun
- /rɪˈzɜrv ə ˈkaʊnt/
- Specialized
- It will immediately draw $20 billion in order to replenish the reserve accounts.
Examples
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As it is my duty to recommend the transfer of these surplus funds to the Federal Government Treasury and Reserve Accounts as unclaimed deposits.
Blog text (3) -
We will continue to add money to any and all reserve accounts.
Blog text (3) -
To reinforce their dedication to making the plan work, the partners invested in a new capital reserve account, Charyk says.
Academic text (2004) -
To determine the percentage of the balance contained in the claims, the intent of this statement is to clarify how much reserve accounts serve or what percentage of the outstanding amounts are specified.
Blog text (3) -
Why wouldn't the world continue to pretend that more zeros added to their reserve accounts at the Fed mean more money to spend—real money that works?
Blog text (3) -
The company set up a reserve account to prepare for any unforeseen expenses in the coming months.
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The school district allocated funds to a reserve account to ensure they could cover emergency repairs.
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To manage its finances better, the organization established a reserve account for future operational costs.
Synonyms
An amount of something kept for future use
A supply kept for future use, often in an emergency
Money set aside to pay for future costs or emergencies
A record where a company keeps money for future loss in value of its goods
Antonyms
How Restricted
- Formal
- Specialized
- Specialized
- Specialized
Surface Forms
Morphology
The meaning 'an account in which funds are set aside' is directly derivable from combining 'reserve' (stored funds kept for emergencies or special purposes) with 'account' (a financial record). This is a standard noun–noun financial compound with cross-linguistic parallels, so a B1 learner who knows both constituents should be able to infer the meaning.
Etymology
The noun reserve account comes from the simple idea of keeping money back: reserve means to save for later and account is the place at a bank where you keep money. Imagine putting cash in a jar for a future bill, so a reserve account is a bank account where money is set aside to cover expected costs or 'future payments'.