general reserve

Definition

Any retained earnings from a company's profits. General reserves can be divided into either specific, general or legal. Specific reserves can include a reassignment of dividends to shareholders; general reserves are saved to offset potential future losses; legal reserves can include money set aside for litigation or revaluation.

Use general reserve in a sentence

You should always make sure that you do the best you can with your general reserve and invest it wisely.

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There was money left in the general reserve and we were all happy to see that because we didn't know if we retained anything.

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The general reserve was increasing faster than we had expected so we had the joyful duty to deciding where to place these funds.

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