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English definition of “contingency fund”

contingency fund

noun [C]
 
 
( also contingency account, also contingency reserve)
ACCOUNTING an amount of money that is kept to pay for something that might possibly happen or cause problems in the future: The projected cost increase will come out of a $900 million contingency fund included in the bridge's $6.3 billion construction budget.
(Definition of contingency fund from the Cambridge Business English Dictionary © Cambridge University Press)
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