reserves define
Reserve means relating to being stored. An example of reserve used as an adjective is a reserve fund which means money being held for future use. The definition of a reserve is something kept or stored if needed.An example of reserve is a money reserve which means cash stored away in case of an emergency.Reserve is defined as to save or secure, particularly for future use.An example of to reserve is to call a restaurant and ask them to hold a table for you.n example of reserve is a money reserve which means cash stored away in case of an emergency. Reserve is defined as to save or secure, particularly for future use. An example of to reserve is to call a restaurant and ask them to hold a table for you.
Use of these definitions should sharpen the distinction between the various classifications and provide more consistent reserves reporting.Reserves are those quantities of petroleum which are anticipated to be commercially recovered from known accumulations from a given date forward.n presenting these definitions, neither organization is recommending public disclosure of reserves classified as unproved. Public disclosure of the quantities classified as unproved reserves is left to the discretion of the countries or companies involved.