CASH RESERVE is an amount of money that the purchaser of a property still has after the transaction closes. Some lenders require a certain level of cash reserve (equal to two payments) before granting a mortgage.
Barry Goldsmith
| APA | Barry Goldsmith. (2010). cash reserve. Retrieved September 21, 2026, from http://smartdefine.org/cash_reserve/definitions/1149593 |
| Chicago | Barry Goldsmith. 2010. "cash reserve" http://smartdefine.org/cash_reserve/definitions/1149593 (accessed September 21, 2026). |
| Harvard | Barry Goldsmith 2010, cash reserve, Smart Define, viewed 21 September, 2026, <http://smartdefine.org/cash_reserve/definitions/1149593>. |
| MLA | Barry Goldsmith. "cash reserve" 21 October 2010. Web. 21 September 2026. <http://smartdefine.org/cash_reserve/definitions/1149593> |