Contingency Fund
/kənˈtɪn.dʒən.si fʌnd/
Definitions
- (n.) A reserve fund set aside by a government or organization to meet unforeseen expenses or liabilities.
The government allocated money to the contingency fund to cover emergency relief efforts.
Forms
- contingency funds
Related terms
Commentary
Contingency funds are typically established in budgets to ensure liquidity and financial flexibility during unpredictable events.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.