Definition of general reserves

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TeachMeFinance.com - explain general reserves



general reserves -- the funds that are set aside by a financial institution for the sole purpose of covering possible losses that have not yet been specifically identified.



About the author

Mark McCracken

Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English".


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