Definitions, Translations, and Word of the Day
Definition of "reserve account" [reserve account]
- Funds taken out of earnings to provide for anticipated future payments (noun)
WordNet. Princeton University. 2010.
Use "reserve account" in a sentence
- "to reimburse general partner for interest cost of tying up property closing costs reserve account for unanticipated cash flows and repairs syndication fee capital-improvement account to upgrade each unit after acquisition, increase the rents and therefore the value"
Words like "reserve account"