reserve noun Definition in Business English Dictionary
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Definition of "reserve" - Business English Dictionary

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reserve

noun
 
 
/rɪˈzɜːv/
[C] a supply of something that you have available to use if you need to: You will need a reasonable reserve of cash to start the process. coal/oil/fuel reserves
in reserve kept in order to use later if needed: They do not have money in reserve like many of the bigger companies. Land should be kept in reserve at the airport for a second runway which could be built by the mid-2020s.
[C] ( also reserve price) COMMERCE the lowest amount of money that the owner will accept for something that is being sold, especially at an auction: I set the reserve price at $50 in the hope that it would sell for much more.
reserves [plural] BANKING, FINANCE the amount of foreign currency or gold that a central bank has at a particular time: It has around 8bn dollars in foreign currency reserves. No country has limitless reserves of gold. ACCOUNTING money kept by a company for a particular use, for example, a future project or emergency: use/dip into reserves It became necessary for the company to dip into its reserves. cash/money reserves →  See also bank reserves , capitalization of reserves , cash reserves , foreign exchange reserves , hidden reserves , legal reserves , proven reserves
(Definition of reserve noun from the Cambridge Business English Dictionary © Cambridge University Press)
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