What is a reserve?
A Reserve (book, CD, article, video, etc) is an item that has been set aside, or reserved, for the use of a specific group of students. Usually the request to place an item on reserve comes from a librarian or a faculty member. Check out privileges are extended to current Calhoun Students only. Reserve materials are held behind the Circulation desk and on special shelves in the collection. Ask at the Circulation desk for more assistance. Reserve Items are noted in the Library Catalog under the “Reserve Location.
Reserve is a portion of the monthly revenue from a merchant’s payment card transactions that a merchant account provider may request to hold in an escrow account as an insurance against possible loss from chargebacks and other sources. Used mainly with high-risk merchants, upon satisfactory completion of a predetermined period, reserves are returned to the merchants. In the case of a rolling reserve, a reserve is held every month for a certain period (usually six months). On the following month the first month’s reserve is released to the merchant, and then the second month’s reserve and so on until there is no longer a reserve.
A given amount of money held by the Processor to guard against excessive chargebacks and other potential financial risks. Most Offshore Processors processing transactions for higher risk Internet businesses generally impose a 5 to 10% Reserve for six months. This is called a Rolling Reserve because each month after the sixth month, the first month’s Reserve is paid out to the merchant while the lot of the Reserve ‘Rolls’ into the seventh month.
