Business, Legal & Accounting Glossary
The claim which owners have on the assets of a company because the company has created new wealth for them over the period since it began.
Reserves can mean a few different things in money & finance. Most prominently, (1) reserves can refer to money held back by a business in its financial statements to pay costs it thinks it will later incur, and (2) reserves in the oil & gas industry can refer to the amount of known or proven oil owned and maintained by a corporation.
reserve, retains, reservations, pool, spares
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This glossary post was last updated: 29th November, 2021 | 0 Views.