GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW) | ||||||
---|---|---|---|---|---|---|
|
20:02 Nov 18, 2018 |
Hungarian to English translations [PRO] Bus/Financial - Finance (general) | |||||||
---|---|---|---|---|---|---|---|
|
| ||||||
| Selected response from: Ildiko Santana United States Local time: 00:01 | ||||||
Grading comment
|
Summary of answers provided | ||||
---|---|---|---|---|
4 +2 | equalization reserve |
| ||
5 | specific reserve to maintain liquidity position |
|
Summary of reference entries provided | |||
---|---|---|---|
1996. évi CXIII. törvény a lakástakarékpénztárakról |
|
equalization reserve Explanation: Equalization reserve definitions: - a long-term reserve that an insurance company keeps to prevent cash-flow depletion in case of significant unforeseen catastrophe - cash fund maintained by an insurance company to be accessed in the event of an unexpected claims loss - an account where an insurance company deposits funds to use in an emergency. (...) in a position where it needs to pay more claims than it had anticipated, it may use funds from the equalization reserve to ensure that it fulfills its contractual obligations. equalization: kiegyenlítés reserve: céltartalék https://www.investopedia.com/terms/e/equalizationreserve.asp https://www.accountingtools.com/articles/2017/5/5/equalization-reserve |
| |