Noun
funds taken out of earnings to provide for anticipated future payments
Source: WordNetIt would allow the Exchange Stabilization Fund, an emergency reserve account that is usually used for currency market interventions, to be tapped to cover those costs, and also temporarily guarantee money-market mutual funds. Source: Internet
In addition, District council voted in favour of supplementing its depleted water reserve account with $100,000 that came from the Logan Lake Community Forest. Source: Internet
Their 990 will reveal whether they are able to grow their revenue at least at the rate of inflation, continue to invest in their programs, and maintain an appropriate reserve account for unexpected expenses. Source: Internet
Noting the reserve account, presently around $530,000, took “almost a 50% hit,” Goodman said, “That’s not acceptable. Source: Internet
Synchrony's provision for loan losses represents an income statement adjustment made each quarter to increase or decrease its "allowance for loan losses" -- a sort of reserve account on the balance sheet to handle projected card defaults. Source: Internet