Meaning of “contingency fund” in the English Dictionary


"contingency fund" in Business English

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contingency fundnoun [ C ]

uk us 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)