premium reserve
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unearned premium reserve — see reserve Merriam Webster’s Dictionary of Law. Merriam Webster. 1996 … Law dictionary
unearned premium reserve — A reserve required by modern statutes of insurance companies to assure the return of unearned premiums. 29 Am J Rev ed Ins § 56. A reserve which comes into being as the natural result of collecting premiums in advance for insurance to extend over … 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
unearned premium reserve — noun : a reserve established at the end of any accounting period in insurance to represent premiums paid in advance for which protection is to be given in the future … Useful english 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 , 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 wine — is a term given to a specific wine to imply that is of a higher quality than usual, or a wine that has been aged before being sold, or both. Traditionally winemakers would reserve some of their best wine rather than sell it immediately, coining… … Wikipedia
premium — A reward for an act done. Brown v. Board of Police Com rs of City of Los Angeles, 58 Cal.App.2d 473, 136 P.2d 617, 619. See also bonus A bounty or bonus; a consideration given to invite a loan or a bargain, as the consideration paid to the… … Black's law dictionary
Reserve (accounting) — In financial accounting, the term reserve is most commonly used to describe any part of shareholders equity, except for basic share capital. Sometimes, the term is used instead of the term provision ; such a use, however, is inconsistent with the … Wikipedia
premium loan provision — The provision frequently found in life insurance contracts that upon the failure of the insured to pay a premium within a time stipulated for payment, the insurer, without more, will pay the premium in insured s behalf and charge it as a loan… … Ballentine's law dictionary
