We explain what a reserve is in its general sense and also what nature, company and rights reserves are.
What is a reservation?
In general, when we talk about a reservation we refer, literally or figuratively, to something that is saved or retained, as a preventive measure against a future need . That is, something that is saved today to be able to use it tomorrow, that is, something that is reserved for tomorrow.
It is a term that we have inherited from Latin (the verb I will reserve), composed of “re-” (“backwards”) and I will serve (“have” or “keep”), and which was used with the same meaning.
What we normally call reserve, that is, what we keep or the very action of saving something, It is applied to countless contexts and references in different ways. which is why this word has very numerous meanings in the dictionary.
To name just a few, we can speak of reserve as a synonym for restraint, caution, distrust or discretion, since in a figurative sense someone “keeps” a little of their enthusiasm or frankness because they fear making a mistake or depositing it where they shouldn't (for example). example: “Miguel signed the contract, but with many reservations”).
The term reserve can also be used to refer to the action of save a place, a quota or the right to use something for someone that will arrive later, like someone who reserves tickets for a theater performance, or for the cinema.
In the same way, a reserve is called the military garrison that remains behind in a combat just in case they become needed, or in times of peace to citizens who have already completed their military service and lead civilian life, but who in the event of war can be summoned to the front (they are called “reservists”).
The same happens with international reserves, which are a country's savings in foreign currency usually located in banking entities of great international prestige, and controlled by the central banks and other formal political institutions of the nation. The more savings of this type a country has, the more solvent its economy is considered, since instead of going into debt, it can use its money.
As will be seen, there are many possible uses of the word, all linked to what is saved for later.
Nature reserves
It is known as a natural reserve or ecological reserve an area of a country's territory that is considered ecologically important and worthy of preservation given its biotic richness (in wild flora and fauna) or unique geological features.
These spaces are state property and are normally used for economic purposes very different from industrial exploitation: education, tourism or research, and They are a way to prevent human voracity from destroying environmental beauty. . For this reason, hunting, fishing, logging and construction are usually prohibited in these places.
The first nature reserve in history was a nature sanctuary in Sri Lanka, ordered by King Devanmpiya Tissa in the 3rd century BC. C. In the modern era, the first nature reserve was Drachenfels, a 312-meter-high mountain near Bonn, in Germany.
Reserves of a company
In the business field, reservations are understood to mean economic benefits that a company reports and that it has not distributed among its partners and owners, but they constitute a remainder of own funds that can be disposed of. These reserves can be of very different types:
- Legal reserves which the law requires that every company retain from its share capital, in order to be able to meet eventual obligations in a responsible manner.
- Voluntary reserves when they are the result of a deliberate plan by the management of the company to accumulate undistributed business dividends, with which to reinvest in the company or face growth situations.
- Special reservations also governed by law, but managed in a specific way depending on the case to which it refers: reserves for goodwill, for amortized capital, etc.
Reservation of rights
Finally, in the legal and legal field, we speak of reservation of rights to refer to a type of legal protection of intellectual property which in many countries operates differently from traditional copyright.
When the phrase “all rights reserved” appears, it refers to the fact that the authors of a book, film, etc., have not renounced any type of ownership or authorship over their piece, so the prohibitions must be fully respected. reproduction, alteration, copy, etc.
In general, we must understand that A “reserved” right is one that is desired to be fully exercised, that is, that has not been transferred. in any way or that it is in the hands of those who exercise it.
For example, a “reservation of title” is an agreement between sellers and buyers that, included in purchase and sale contracts with deferred payment (that is, in which the seller does not receive the money automatically and immediately), in which makes it clear that the seller still owns the property negotiated until he finally receives his money.
If this never occurs, the seller can claim ownership of the negotiated asset, and if it is fulfilled, the reservation of title will be ineffective and may be destroyed.
References
- “Reservation (disambiguation)” on Wikipedia.
- “International reserve” in Wikipedia.
- “Nature reserve” in Wikipedia.
- “Reserve” in the Language Dictionary of the Royal Spanish Academy.
- “Radication of the word reserve” in the Online Spanish Etymological Dictionary.
