reserve

Vocabulary Word

Definition

'Reserve' can also mean to save something for a specific purpose or time. It's like setting aside your favourite sweater for a special occasion, or a company keeping money for a project.

Examples in Different Contexts

In finance, 'reserve' often pertains to funds kept aside for specific purposes, like emergencies or investments. A financial analyst might advise, 'It's wise for companies to have a cash reserve for unexpected downturns.'

Practice Scenarios

Tech

Scenario:

With the amount of data we're processing, the current storage capacity may not be sufficient. We should consider upgrading our system.

Response:

Yes, we should get in touch with our vendor to reserve more server space.

Business

Scenario:

Our company needs to manage its funds wisely. With the high market volatility and unforeseen risks, putting some money on the side would be a good idea.

Response:

I agree. We should booster our reserves for any future downturns.