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Many banks have set aside reserves to cover potential losses.
Xerox has set aside reserves in several Latin American countries as a result.
Companies have considerable discretion over when they book a profit or set aside reserves against a future loss.
It also set aside reserves for the effect of the oil spill on tourism along the Gulf of Mexico.
Ideally, banks and firms should be required to recognise their losses, and set aside reserves to cope with them.
Banks have to set aside reserves for only 15% of a loan that is "in need of monitoring".
Similar(26)
Set aside, reserving fat.
Set aside, reserving the roasting juices.
Mr. Vallone, who was speaker from 1988 until the end of 2001, said the practice of using holding accounts to set aside reserve funds is common practice in local, state and federal government.
(Lenox Hill has primary liability coverage through this company, setting aside reserves for larger claims).
Rather than setting aside reserves for such a shortfall, Equitable had chosen to pay out excess returns to policyholders.
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