capital redemption reserve
noun[C]
ukusACCOUNTING,FINANCE,STOCK MARKET
anamountofmoneythat acompanyin the UK mustkeepwhen itbuysbackshares, and which it cannotpaytoshareholdersasdividends:
Thecapitalredemptionreserveis a non-distributablereserveandrepresentspaidupsharecapital.