Contingency fund Definition & Meaning - Merriam-Webster
WebFeb 10, 2024 · The meaning of CONTINGENCY FUND is an amount of money that can be used to pay for problems that might happen.
Contingency Funds: What Are They and How Much Should You …
WebJan 9, 2024 · A contingency fund is a designated amount of money set aside in the project budget to cover unforeseen costs. It serves as a safety net to protect against cost overruns, provide a buffer for surprises, and enable continuation despite issues.
What Is a Contingency Fund? | LegalMatch
WebSep 2, 2022 · The purpose of contingency funding is to manage the risk of cost escalations and cover any shortfalls in cost estimates. When a contingency amount is included in the cost estimate, the impact of overly optimistic estimates is minimized, and potential circumstances can be discussed earlier.
What Is a Contingency Fund? | Small Business - Chron.com
WebJan 21, 2021 · A contingency fund is money reserved to address unforeseen financial circumstances in a business. This can include an opportunity to purchase a large asset at a reduced cost, or an emergency,...
The Importance Of An Emergency Fund For Small Businesses
WebJan 26, 2024 · A small business emergency fund — sometimes called a contingency fund — is a stash of savings that a business draws from during an emergency or financial challenge. Ideally, a business...
CONTINGENCY FUND | English meaning - Cambridge Dictionary
Weban 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 - Wikipedia
WebContingency fund. A contingencies fund or contingency fund is a fund for emergencies or unexpected outflows, mainly economic crises . European Union. The European Union created a vast contingency fund in 2010 to counteract the Great Recession. [1]
Emergency fund - Wikipedia
WebAn emergency fund, also known as a contingency fund, [1] is a personal budget set aside as a financial safety net for future mishaps or unexpected expenses.
CONTINGENCY FUND definition | Cambridge English Dictionary
Weban 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 …
What is a Contingency Fund? | GOBankingRates
WebJan 22, 2009 · A contingency fund is expressly created to be used in emergencies, such as a natural disaster. In the world of high finance, a contingency fund is set aside in order to protect against big losses. But contingency funds are not just the province of governments and corporations – individuals can set up contingency funds too.
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