Share This Article:

Economic Definition of legal reserves. Defined.

Offline Version: PDF

Term legal reserves Definition: The total amount of vault cash or Federal Reserve deposits of a bank. These are the only bank assets that can be used legally to satisfy reserve requirements.

 

« legal forces | legal types »

Permalink: http://glossary.econguru.com/economic-term/legal+reserves

Alphabetical Reference to Over 2,000 Economic Terms