Definitions for "Cash Reserve"
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.
Money amount that a buyer has left over after closing. Some programs may require borrowers to have cash reserve equal to two mortgage payments.
Amount of money a buyer has left over after closing. Some lenders may require borrowers to a certain amount of cash reserve available after closing.
Keywords:  emergency, urgent, meet, needs, fund
a board-designated fund
a pool of funds (and sometimes credit) that you hold in a readily available form to meet emergency and other highly urgent, short-term needs
Liquid funds - such as cash, money markets, or Treasury bills - used to meet short-term or emergency needs.
Keywords:  hazard, principal, insurance
Hazard Insurance Principal