DEPRECIATION RESERVE

depreciation reserve.An account, esp. of a public utility, built up to offset the depreciation of

property  because  of  time  and  use,  so  that  at  the  end  of  the  property’s  service,  there  is  enough

money to replace the property. [Cases: Public Utilities    127. C.J.S. Public Utilities § 28, 37.] [Blacks Law 8th]