claims reserve

/'kleɪmz rɪˌzɜ:v/ noun
money set aside by an insurance company to meet costs of claims incurred but not yet settled

Dictionary of banking and finance. 2015.

Look at other dictionaries:

  • Claims Reserve — The claims reserve is money that is earmarked for the eventual claim payment. The claims reserve funds are set aside for the future payment of incurred claims that have not been settled and thus represent a balance sheet liability. Claims… …   Investment dictionary

  • disputed claims reserve — USA An escrow or other segregated fund, carved out from the fund established under a confirmed (See confirmation) plan of reorganization to satisfy certain general unsecured claims of creditors against the debtor. The disputed claims reserve is… …   Law dictionary

  • IBNR claims reserve — A reserve held by an insurance company for claims «incurred but not yet reported» …   Big dictionary of business and management

  • loss claims reserve — See loss and loss expense reserve; reserve …   Ballentine's law dictionary

  • reserve — re·serve 1 vt re·served, re·serv·ing: to keep back or set apart: as a: to keep (a right, power, or interest) esp. by express declaration all rights reserved compare waive b: to defer a determination of (a question of law) …   Law dictionary

  • 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… …   The Collaborative International Dictionary of English

  • reserve — 1. verb To keep back, to retain, to keep in store for future or special use, and to retain or hold over to a future time. Commissioner of Internal Revenue v. Strong Mfg. Co., C.C.A.6,124 F.2d 360, 363. To set aside funds, usually for indefinite… …   Black's law dictionary

  • reserve — Verb: To appropriate to a particular purpose. To exclude. To set aside. To set apart from that which has been granted. To make a reservation. Meigs v M Clung s Lessee (US) 9 Cranch 11, 17, 3 L Ed 639, 641. Noun: An organization of the Armed… …   Ballentine's law dictionary

  • Reserve currency — A foreign currency held by a central bank or monetary authority for the purposes of exchange intervention and the settlement of inter governmental claims. The New York Times Financial Glossary * * * reserve currency reserve currency ➔ currency *… …   Financial and business terms

  • reserve currency — A foreign currency held by a central bank or monetary authority for the purposes of exchange intervention and the settlement of intergovernmental claims. Bloomberg Financial Dictionary * * * reserve currency reserve currency ➔ currency * * *… …   Financial and business terms

Share the article and excerpts

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

We are using cookies for the best presentation of our site. Continuing to use this site, you agree with this.