gold reserve
the stock of gold held by a government or central bank to back its promissory notes or currency or to settle its international debts.
Origin of gold reserve
1Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2024
How to use gold reserve in a sentence
Thus, with the paper credit—and even with the gold reserve of which Germany has boasted, the pedestal is but paper.
Raemaekers' Cartoons | Louis RaemaekersUnder the law, the Federal Reserve banks are supposed to hold a gold reserve of 40% to secure our currency.
The Book of Life: Vol. I Mind and Body; Vol. II Love and Society | Upton SinclairIn order to resist raids on the German gold reserve a policy of note issuing was adopted.
The deficit in the treasury made it inevitable that the gold reserve should be used to meet current expenses.
In an inner recess, guarded by second-locked doors, the gold reserve was kept.
The Rider of Waroona | Firth Scott
British Dictionary definitions for gold reserve
the gold reserved by a central bank to support domestic credit expansion, to cover balance of payments deficits, and to protect currency
Collins English Dictionary - Complete & Unabridged 2012 Digital Edition © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012
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