» reserve account
Noun (1 meaning)
1. funds taken out of earnings to provide for anticipated future payments.
reserve account is a type of:
- reserve, backlog, stockpile (noun) - something kept back or saved for future use or a special purpose
types of reserve account:
- hidden reserve (noun) - reserves that do not show up on the balance sheet (as by understating values)
- pool (noun) - any communal combination of funds
- valuation reserve, valuation account, allowance, allowance account (noun) - a reserve fund created by a charge against profits in order to provide for changes in the value of a company's assets