contingency fund - definition in the Business English Dictionary - Cambridge Dictionaries Online

Cambridge Dictionaries online Cambridge Dictionaries online

The most popular online dictionary and thesaurus for learners of English

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)
What is the pronunciation of contingency fund?
Add Cambridge dictionaries to your browser to your website

Word of the Day

force

physical, especially violent, strength, or power

Word of the Day

They sometimes go here and they never go there: using adverbs of frequency

by Liz Walter,
April 29, 2015
Sometimes, always, often, never: these are some of the most common words in English.  Unfortunately, they are also some of the words that cause the most problems for students. Many of my students put them in the wrong place, often because that’s where they go in their own languages. They say things

Read More 

e-juice noun

April 27, 2015
the liquid content in an e-cigarette, which includes nicotine and may be flavoured in various ways Contestants…suck on a modified vaper until they’ve filled their chest cavity with enough vaporised nicotine “e-juice” to shoot out a belch of white smoke upwards of 4ft long.

Read More