RESERVE ACCOUNT

Pronunciation (US): (GB):

Meaning:

Funds taken out of earnings to provide for anticipated future payments

Synonyms:

reserve account; reserve fund

Classified under:

Nouns denoting possession and transfer of possession

Hypernyms ("reserve account" is a kind of...):

backlog; reserve; stockpile (something kept back or saved for future use or a special purpose)

Hyponyms (each of the following is a kind of "reserve account"):

hidden reserve (reserves that do not show up on the balance sheet (as by understating values))

pool (any communal combination of funds)

allowance; allowance account; valuation account; valuation reserve (a reserve fund created by a charge against profits in order to provide for changes in the value of a company's assets)