PRIMARY RESERVES
\pɹˈa͡ɪməɹi ɹɪsˈɜːvz], \pɹˈaɪməɹi ɹɪsˈɜːvz], \p_ɹ_ˈaɪ_m_ə_ɹ_i ɹ_ɪ_s_ˈɜː_v_z]\
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The total amount required by a financial institution to support its activities. The primary reserves may not be invested or loaned by the institution. However, in the case of a liquidity crisis, when the bank's account holders start withdrawing large amounts of cash, the primary reserves are called into action.
By Henry Campbell Black
Word of the day
basidiomycota
- comprises fungi bearing the spores on basidium: Gasteromycetes (puffballs); Tiliomycetes (comprising orders Ustilaginales (smuts) and Uredinales (rusts)); Hymenomycetes (mushrooms; toadstools; agarics; bracket fungi); in some classification systems considered a division of kingdom comprises fungi bearing spores on a basidium; includes Gasteromycetes (puffballs) Tiliomycetes comprising the orders Ustilaginales (smuts) and Uredinales (rusts) Hymenomycetes (mushrooms, toadstools, agarics bracket fungi).