Reserve
/rɪˈzɜːrv/
Definitions
- (n.) A legal right to retain or set aside something for future use or decision.
The court placed a reserve on the funds pending further investigation.
- (v.) To retain or set aside something officially for a particular purpose.
The party reserved the right to amend the contract.
Forms
- reserves
- reserved
- reserving
Related terms
See also
Commentary
In legal drafting, a 'reserve' often appears as a clause specifying retained rights or conditions to safeguard future claims or actions.
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.