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LSDefine

Simple English definitions for legal terms

reserve

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A quick definition of reserve:

Reserve: When you give something to someone else, but you still want to keep a part of it for yourself, that's called reserving. For example, if you sell a piece of land to someone, but you want to keep a small part of it for yourself, you can reserve that part. Reserve can also mean setting aside something for later use, like money that a bank or insurance company saves to pay for things in the future.

A more thorough explanation:

Reserve means to keep a right or a part of a property for oneself while transferring the rest to someone else.

It can also refer to something that is kept aside for future use, like a fund of money that a bank or an insurance company sets aside to cover future expenses.

Example 1: When selling a piece of land, the owner may reserve the right to use a small portion of it for personal use, like a garden or a driveway.

Example 2: A bank may have a reserve fund to cover unexpected losses or expenses.

Example 3: An insurance company may have a reserve fund to cover future claims from policyholders.

These examples illustrate how reserve can refer to both a legal right to keep a portion of a property and a financial practice of setting aside funds for future use.

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THATS SO FUNNY
i cant i would go crazy
JumpySubsequentDolphin
20:50
i need to know who decided to do that.
JumpySubsequentDolphin
20:50
omg im on a plane weeeee
the devil
youre on a plane??? LSD made the mile high club??
20:50
yo splitterus are you in school already
20:50
it says ur c/o 2027
JumpySubsequentDolphin
20:51
@SplitterusClitterus: HAHAH yes
ur user is hilarioussss and no i just graduated this may and am now applying ---also im out of messages so ill take a lil
20:52
roger dat. see u in heck
im back, r u applying this cycle too
JumpySubsequentDolphin
21:32
this child fell asleep on me
JumpySubsequentDolphin
21:32
im so uncomfortable
just push him off the entire seat
JumpySubsequentDolphin
21:34
LMAOOOO
JumpySubsequentDolphin
21:35
no he’s literally like 8 and he fully just put his head on my bicep and slept
JumpySubsequentDolphin
21:35
he has since moved
22:12
@SplitterusClitterus: me yesterday
gulc baby pls text me back... i miss you ...... :(
22:23
i just went into a discord vc and yelled "YALL I JUST GOT INTO J.M. SCHOOL OF LAW"
22:24
people were getting excited :sob:
22:25
then someone was like "what does jm stand for" and i was like .. well
AHHAHAHAHAHAHHAHAHAHAHAHAH
@JumpySubsequentDolphin: wait this is so cute, also where r u going
JOE MBIDEN
JumpySubsequentDolphin
22:39
@splitty Oregon!
oh yay for what thats so random
JumpySubsequentDolphin
22:45
haha my brother and sister in law live there
so cutie oregon is beatiful
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