When any amount is kept separate by a company out of its profit for future purpose then that is called as general reserves. In other words the general reserves are the retained earnings of a company which are kept aside out of company’s profits to meet future (known or unknown) obligations. Some corporate bonds have sinking fund provisions, which require the issuer to periodically retire a predetermined number of bonds. Some corporate bonds have a "make whole" call provision, which allows the issuer to redeem the outstanding bonds prior to maturity at a price determined by a formula described in the prospectus.
(3) "Deposit of public funds" means public funds of a public entity that: (A) the comptroller does not manage under Chapter 404 ; and (B) are held as a demand or time deposit by a depository institution expressly authorized by law to accept a public entity's demand or time deposit.