Emergency Reserve
/ˌɛmə(r)dʒənsiˈrɛzɜrv/
Definitions
- (n.) A reserved fund or resource maintained by an entity for unforeseen legal or financial contingencies.
The corporation set aside an emergency reserve to cover potential litigation costs.
- (n.) A legally mandated fund or stockpile maintained by government or organizations to address crises such as disasters or sudden economic disruptions.
The state legislature required an emergency reserve to ensure prompt disaster relief funding.
Forms
- emergency reserve
- emergency reserves
Related terms
See also
Commentary
Emergency reserves typically require clear legal authorization outlining permissible use conditions and replenishment procedures to avoid misappropriation or legal disputes.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.