reserve account

listen to the pronunciation of reserve account
English - Turkish
karşılık hesabı
rezerv hesabı
(Ticaret) yedek hesabı
(Sigorta) ihtiyat hesabı
English - English
A separate amount of cash or letter of credit to service a payment requirement such as debt service or maintenance
A separate account maintained in a state unemployment fund with respect to a subject employer Quarterly voluntary contributions increase the reserve account balance; charges decrease the reserve account balance
One method that ACH Processor's use to mitigate risk, is to require that merchants maintain a Reserve Account at the Processor's Sponsoring Bank This allows the Processor to issue a Hold on funds in this account when fraud has been detected or an excessively large number of returns is received Merchants with good credit and history can usually meet the expectations of ACH Processors for covering returns and so are not always required to keep a reserve account In cases where a reserve is required, the minimum-reserve-balance in the account is set at about 20% of the anticipated processing volume New merchants are usually allowed to build up their reserve by sending in transactions which are not withdrawn until the minimum reserve balance is achieved; after that, the merchant is allowed to withdraw the excess funds for transfer to their home town bank
The reserve account into which monthly deposits of insurance payments and property taxes are deposited
surplus of income compared to expenses, total of accumulated profits, surplus money
funds taken out of earnings to provide for anticipated future payments
Arrangement whereby a portion of the salesperson's commission is set aside to compensate for order cancellations and invoicing adjustments
set up by the credit card processing company to protect themselves in case of losses due to chargebacks or if the merchant defaults on their merchant account
An account established by the factor to track funds owed to a client as factored invoices are paid The account amount equals the invoice face value minus the advance, the factor's fees, charge backs and administrative charges
An account used to make insurance and tax payments due on property securing a mortgage loan A portion of each monthly loan payment goes into the reserve account 303
reserve account

    Hyphenation

    re·serve ac·count

    Turkish pronunciation

    rizırv ıkaunt

    Pronunciation

    /rēˈzərv əˈkount/ /riːˈzɜrv əˈkaʊnt/

    Etymology

    [ ri-'z&rv ] (transitive verb.) 14th century. Middle English, from Middle French reserver, from Latin reservare, literally, to keep back, from re- + servare to keep; more at CONSERVE.
Favorites
More...
Clear