Reservation Definition and Legal Meaning

On this page, you'll find the legal definition and meaning of Reservation, written in plain English, along with examples of how it is used.

What is Reservation?

(n) Reservation is separation or keeping aside of a portion of the right, benefits etc for specific purpose there by the general rule, conditions etc applied to the whole part will not be effective to the reserved portion. For example in a will it is said the royalty income is reserved for charity, then the succession rules or conditions applied to the rest of the property will not be applied on his royalty income