| 单词 | LEGAL RESERVES |
| 释义 | Lawful, mandated minimum monetary amount a financial institution maintains as security. Cannot be used to pay depositors. Must exist in legally prescribed form, such as cash. Credit in the local economy is regulated by national financial authorities through manipulating the legal reserve requirements. Banks, building societies, credit unions, and insurance companies are such financial institutions legally bound. Also known as statutory reserves. |
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法律词典收录了41026条英汉双解法律词条，基本涵盖了常用法律英语单词及短语词组的翻译及用法，是法律学习的有利工具。