- loss claims reserve
- See loss and loss expense reserve; reserve.
Ballentine's law dictionary. Anderson, W.S.. 1998.
loss claims reserve
Look at other dictionaries:
reserve for loss claims — See loss and loss expense reserve; reserve … Ballentine'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 — 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
loss reserve — see reserve Merriam Webster’s Dictionary of Law. Merriam Webster. 1996. loss reserve … Law dictionary
Loss reserving — or Claims reserving refers to the calculation of the required reserve for a tranche of general insurance business. Typically, the claims reserves represent the money which should be held by the insurer so as to be able to meet all future claims… … Wikipedia
loss — is a generic and relative term. It signifies the act of losing or the thing lost; it is not a word of limited, hard and fast meaning and has been held synonymous with, or equivalent to, damage , damages , deprivation , detriment , injury , and… … Black's law dictionary
loss — is a generic and relative term. It signifies the act of losing or the thing lost; it is not a word of limited, hard and fast meaning and has been held synonymous with, or equivalent to, damage , damages , deprivation , detriment , injury , and… … Black's law dictionary
Outstanding claims reserves — in general insurance are a type of technical reserve or accounting provision in the financial statements of an insurer. They seek to quantify the outstanding loss liabilities for insurance claims which have been reported and not yet settled… … Wikipedia
Fractional reserve banking — Banking A series on Financial services … Wikipedia
January 2008 Société Générale trading loss incident — The January 2008 Société Générale trading loss incident was an incident in which the bank Société Générale lost approximately €4.9 billion closing out positions over three days of trading beginning January 21, 2008, a period in which the market… … Wikipedia
