51Թ

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contingency fund

or contingent fund

noun

Accounting.
  1. money or securities set aside to cover unexpected conditions or losses in business, usually supplementing a contingency reserve.


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51Թ History and Origins

Origin of contingency fund1

First recorded in 1880–85
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Example Sentences

Examples have not been reviewed.

She added an underwrite had not been requested by Commonwealth Games Scotland and that around £27m is already earmarked as a contingency fund.

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The cost of the event has been estimated as approximately £114m, a total that includes all Games costs, including security as a well as a contingency fund.

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But Palo Alto Mayor Greer Stone responded that the donation comes from the City Council’s contingency fund, which has $77,000 left to spend.

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"During an Extreme Republican Shutdown, women and children who count on WIC would soon start being turned away at grocery store counters, with a federal contingency fund drying up after just a few days and many states left with limited WIC funds to operate the program," the statement read.

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The project has a $450 million budget, with a $50 million contingency fund.

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