Secret Reserve means …..reserve.
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A secret reserve is the amount by which the assets of an organization are understated or its liabilities are overstated. An entity might establish a secret reserve for competitive reasons, to hide from other businesses that it is in a better financial position than appears in its financial statements.
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An amount by which stated net worth is reduced by understatement of asset values or overstatement of liabilities. — called also hidden reserve.
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