Emergency Funding
/ˈɛmərdʒənsi ˈfʌndɪŋ/
Definitions
- (n.) Funds allocated rapidly to address urgent needs arising from unforeseen events like disasters or crises.
The government approved emergency funding to support relief efforts after the hurricane.
- (n.) Temporary financial resources provided to stabilize an entity facing immediate risk of collapse or insolvency.
The company received emergency funding to avoid bankruptcy during the financial downturn.
Forms
- emergency funding
Related terms
See also
Commentary
Emergency funding is often governed by specific statutory provisions limiting its use to urgent and unforeseen situations.
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.