Reserves

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Definition: Reserves

Reserves

Quick Summary of Reserves

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.

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What is the dictionary definition of Reserves?

Dictionary Definition

  1. behaviour Restriction.
  2. That which is reserved, or kept back, as for future use.
  3. social Something initially kept back for later use in a recreation.

Full Definition of Reserves

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.

Synonyms For Reserves

reserve, retains, reservations, pool, spares

Cite Term

To help you cite our definitions in your bibliography, here is the proper citation layout for the three major formatting styles, with all of the relevant information filled in.

Page URL
https://payrollheaven.com/define/reserves/
Modern Language Association (MLA):
Reserves. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
May 18, 2024 https://payrollheaven.com/define/reserves/.
Chicago Manual of Style (CMS):
Reserves. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
https://payrollheaven.com/define/reserves/ (accessed: May 18, 2024).
American Psychological Association (APA):
Reserves. PayrollHeaven.com. Retrieved May 18, 2024
, from PayrollHeaven.com website: https://payrollheaven.com/define/reserves/

Definition Sources

Definitions for Reserves are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 29th November, 2021 | 0 Views.