Under Reserve
Legal definition for Indian law research
Definition
Under reserve, a payment under reserve is under-stood in banking transactions to mean that the recipient of money may not deem it as his own but must be prepared to return it on demand. The balance of convenience clearly lies in allowing the normal banking transactions to go forward, United Commercial Bank v. Bank of India, AIR 1981 SC 1426 (1440): (1981) 2 SCC 766: (1981) 3 SCR 300.
Definitions are for legal research. Always verify meaning in the context of the statute, judgment, or jurisdiction cited.