reinsurance fund

reinsurance fund
Reserve Re*serve", n. [F. r['e]serve.] 1. The act of reserving, or keeping back; reservation. [1913 Webster]

However any one may concur in the general scheme, it is still with certain reserves and deviations. --Addison. [1913 Webster]

2. That which is reserved, or kept back, as for future use. [1913 Webster]

The virgins, besides the oil in their lamps, carried likewise a reserve in some other vessel for a continual supply. --Tillotson. [1913 Webster]

3. That which is excepted; exception. [1913 Webster]

Each has some darling lust, which pleads for a reserve. --Rogers. [1913 Webster]

4. Restraint of freedom in words or actions; backwardness; caution in personal behavior. [1913 Webster]

My soul, surprised, and from her sex disjoined, Left all reserve, and all the sex, behind. --Prior. [1913 Webster]

The clergyman's shy and sensitive reserve had balked this scheme. --Hawthorne. [1913 Webster]

5. A tract of land reserved, or set apart, for a particular purpose; as, the Connecticut Reserve in Ohio, originally set apart for the school fund of Connecticut; the Clergy Reserves in Canada, for the support of the clergy. [1913 Webster]

6. (Mil.) (a) A body of troops in the rear of an army drawn up for battle, reserved to support the other lines as occasion may require; a force or body of troops kept for an exigency. (b) troops trained but released from active service, retained as a formal part of the military force, and liable to be recalled to active service in cases of national need (see {Army organization}, above). [1913 Webster +PJC]

7. (Banking) Funds kept on hand to meet liabilities. [1913 Webster]

8. (Finance) (a) That part of the assets of a bank or other financial institution specially kept in cash in a more or less liquid form as a reasonable provision for meeting all demands which may be made upon it; specif.: (b) (Banking) Usually, the uninvested cash kept on hand for this purpose, called the {real reserve}. In Great Britain the ultimate real reserve is the gold kept on hand in the Bank of England, largely represented by the notes in hand in its own banking department; and any balance which a bank has with the Bank of England is a part of its reserve. In the United States the reserve of a national bank consists of the amount of lawful money it holds on hand against deposits, which is required by law (in 1913) to be not less than 15 per cent (--U. S. Rev. Stat. secs. 5191, 5192), three fifths of which the banks not in a reserve city (which see) may keep deposited as balances in national banks that are in reserve cities (--U. S. Rev. Stat. sec. 5192). (c) (Life Insurance) The amount of funds or assets necessary for a company to have at any given time to enable it, with interest and premiums paid as they shall accure, to meet all claims on the insurance then in force as they would mature according to the particular mortality table accepted. The reserve is always reckoned as a liability, and is calculated on net premiums. It is theoretically the difference between the present value of the total insurance and the present value of the future premiums on the insurance. The reserve, being an amount for which another company could, theoretically, afford to take over the insurance, is sometimes called the

{reinsurance fund} or the

{self-insurance fund}. For the first year upon any policy the net premium is called the

{initial reserve}, and the balance left at the end of the year including interest is the

{terminal reserve}. For subsequent years the initial reserve is the net premium, if any, plus the terminal reserve of the previous year. The portion of the reserve to be absorbed from the initial reserve in any year in payment of losses is sometimes called the

{insurance reserve}, and the terminal reserve is then called the

{investment reserve}. [Webster 1913 Suppl.]

9. In exhibitions, a distinction which indicates that the recipient will get a prize if another should be disqualified. [Webster 1913 Suppl.]

10. (Calico Printing) A resist. [Webster 1913 Suppl.]

11. A preparation used on an object being electroplated to fix the limits of the deposit. [Webster 1913 Suppl.]


The Collaborative International Dictionary of English. 2000.

Игры ⚽ Поможем написать курсовую

Look at other dictionaries:

  • Reinsurance sidecar — Reinsurance sidecars, conventionally referred to as Sidecars, are financial structures which are created to allow investors to take on the risk and return of a group of insurance policies (a book of business ) written by an insurer or reinsurer… …   Wikipedia

  • reinsurance — A contract by which an insurer procures a third person to insure him against loss or liability by reason of original insurance. A contract that one insurer makes with another to protect the latter from a risk already assumed. It binds the… …   Black's law dictionary

  • reinsurance reserve — A fund required by statute of an insurance company for the protection of its policyholders, such to be applied in the event of the insolvency or dissolution of the company to the reinsurance of outstanding risks carried by the company. 29 Am J… …   Ballentine's law dictionary

  • self-insurance fund — Reserve Re*serve , n. [F. r[ e]serve.] 1. The act of reserving, or keeping back; reservation. [1913 Webster] However any one may concur in the general scheme, it is still with certain reserves and deviations. Addison. [1913 Webster] 2. That which …   The Collaborative International Dictionary of English

  • Global Reinsurance — Infobox Magazine title = Global Reinsurance image size = 150x210 px editor = Helen Yates editor title = Editor frequency = Monthly circulation = 9,278 category = Financial publication company = Newsquest publisher = Newsquest Specialist Media… …   Wikipedia

  • Glacier Reinsurance — AG[1] Rechtsform Aktiengesellschaft Gründung …   Deutsch Wikipedia

  • 2003 Mutual-fund scandal — The mutual fund scandal of 2003 was the result of the discovery of illegal late trading and market timing practices on the part of certain hedge fund and mutual fund companies.pitzer investigationOn September 3, 2003, New York Attorney General… …   Wikipedia

  • 2003 mutual fund scandal — The mutual fund scandal of 2003 was the result of the discovery of illegal late trading and market timing practices on the part of certain hedge fund and mutual fund companies. Contents 1 Spitzer investigation 1.1 Late trading 1.2 Market timing …   Wikipedia

  • David Einhorn (hedge fund manager) — David Einhorn Born November 20, 1968 (1968 11 20) (age 43) Residence Westchester County, New York, United States Alma mater Cornell University …   Wikipedia

  • initial reserve — Reserve Re*serve , n. [F. r[ e]serve.] 1. The act of reserving, or keeping back; reservation. [1913 Webster] However any one may concur in the general scheme, it is still with certain reserves and deviations. Addison. [1913 Webster] 2. That which …   The Collaborative International Dictionary of English

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”