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单词 legal reserves
释义
  • Business

legal reservesnoun [ plural ]

ukusFINANCE, LAW

the smallest amount of money that financial organizations such as banks must keep to protect themselves against future financial losses, to pay legal fees, etc.:

The company will increase its legal reserves by a further $4.95bn to cover the cost of litigation surrounding its role in the dispute.
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更新时间:2024/9/20 11:32:40