reserve account - Meaning in Tamil
reserve account - Meaning in Tamil
noun
Definitions and Meaning of reserve account in English
reserve account noun
- funds taken out of earnings to provide for anticipated future payments
Synonyms
reserve fund
Synonyms of reserve account
Description
Bank reserves are a commercial bank's cash holdings physically held by the bank, and deposits held in the bank's account with the central bank. Under the fractional-reserve banking system used in most countries, central banks may set minimum reserve requirements that mandate commercial banks under their purview to hold cash or deposits at the central bank equivalent to at least a prescribed percentage of their liabilities, such as customer deposits. Such sums are usually termed required reserves, and any funds above the required amount are called excess reserves. These reserves are prescribed to ensure that, in the normal events, there is sufficient liquidity in the banking system to provide funds to bank customers wishing to withdraw cash. Even when there are no reserve requirements, banks often as a matter of prudent management hold reserves in case of unexpected events, such as unusually large net withdrawals by customers or bank runs. Traditionally, central banks do not pay interest on reserve balances, but such schemes have become increasingly common in the 21st century. Funds in banks that are not retained as a reserve are available to be lent, at interest.
Also see "Bank reserves" on WikipediaMore matches for reserve account
noun
reserve accounting | ரிசர்வ் கணக்கு |
Also See
What is another word for reserve ?
Sentences with the word reserve
What is another word for account ?
What is reserve account meaning in Tamil?
The word or phrase reserve account refers to funds taken out of earnings to provide for anticipated future payments. See reserve account meaning in Tamil, reserve account definition, translation and meaning of reserve account in Tamil. Find reserve account similar words, reserve account synonyms. Learn and practice the pronunciation of reserve account. Find the answer of what is the meaning of reserve account in Tamil.
Other languages: reserve account meaning in Hindi
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What is reserve account meaning in Tamil, reserve account translation in Tamil, reserve account definition, pronunciations and examples of reserve account in Tamil.