contingency fund Meaning in the Cambridge English Dictionary Cambridge dictionaries logo

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 ​projectedcostincrease will come out of a $900 million ​contingencyfundincluded in the bridge's $6.3 ​billionconstructionbudget.
(Definition of contingency fund from the Cambridge Business English Dictionary © Cambridge University Press)
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