the amount of cash assets that a bank, insurance company, etc., is required by law to set aside as reserves.
[lee-guh l] /ˈli gəl/ adjective 1. permitted by law; lawful: Such acts are not legal. 2. of or relating to law; connected with the law or its administration: the legal profession. 3. appointed, established, or authorized by law; deriving authority from law. 4. recognized by law rather than by equity. 5. of, relating to, or […]
noun 1. . noun 1. another term (esp US) for judicial separation
[lee-guh l-sahyz] /ˈli gəlˌsaɪz/ adjective 1. (of paper) measuring approximately 8½ × 14 inches (22 × 36 cm). 2. (of office supplies and equipment) made for holding legal-size sheets of paper: legal-size file folders.
noun 1. currency that may be lawfully tendered in payment of a debt, such as paper money, Federal Reserve notes, or coins. noun 1. currency in specified denominations that a creditor must by law accept in redemption of a debt Any form of money that a government decrees must be accepted in payment of debts.