Cambridge Dictionaries online Cambridge Dictionaries online

The most popular online dictionary and thesaurus for learners of English


English definition of “contingency allowance”

contingency allowance

noun [C]    
ACCOUNTING an amount of money that is added to a calculation of costs to cover things that are not known about now but that may have to be paid for in the future : Another £13.4m has been provided for professional fees and as a contingency allowance .
(Definition of contingency allowance noun from the Cambridge Business English Dictionary © Cambridge University Press)
Focus on the pronunciation of contingency allowance

Word of the Day


a skilled and trained cook who works in a hotel or restaurant, especially the most important cook

Word of the Day


Read our blog about how the English language behaves.

Learn More

New Words

Find words and meanings that have just started to be used in English, and let us know what you think of them.

Learn More