contingency allowance Meaning in the Cambridge English Dictionary Cambridge dictionaries logo

Meaning of “contingency allowance” in the English Dictionary

"contingency allowance" in Business English

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contingency allowancenoun [C]

uk   us  
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 ​professionalfees and as a ​contingencyallowance.
(Definition of contingency allowance from the Cambridge Business English Dictionary © Cambridge University Press)
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