Loss reserve

Definition
1 : a reserve allocated by a bank for the purpose of absorbing losses <a loan loss reserve>
2 : an insurance company's reserve representing the discounted value of future payments to be made on losses which may have already occurred

Based on Merriam-Webster's Dictionary of Law ©2001.
Merriam-Webster, Incorporated
Published under license with Merriam-Webster, Incorporated.
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slight negligence

failure to exercise the great degree of care typical of an extraordinarily prudent person

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