legal reserves Meaning in the Cambridge English Dictionary
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Meaning of “legal reserves” in the English Dictionary

"legal reserves" in Business English

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legal reservesnoun [plural]

uk   us   FINANCE, LAW
the ​smallestamount of ​money that ​financialorganizations such as ​banks must ​keep to ​protect themselves against future ​financiallosses, to ​paylegalfees, etc.: The ​company will ​increase its ​legalreserves by a further $4.95bn to ​cover the ​cost of ​litigation surrounding its role in the ​dispute.
(Definition of legal reserves from the Cambridge Business English Dictionary © Cambridge University Press)
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