a course of action to be followed if a preferred plan fails or an existing situation changes.
a plan or procedure that will take effect if an emergency occurs; emergency plan.
a program of action designed for handling possible future circumstances or events
noun, Accounting. 1. money or securities set aside to cover unexpected conditions or losses in business, usually supplementing a contingency reserve.
noun, Statistics. 1. the frequency distribution for a two-way statistical classification. noun 1. (statistics) an array having the frequency of occurrence of certain events in each of a number of samples
noun, Accounting. 1. an amount of money established from retained earnings to allow for unforeseen losses in business.
noun 1. any new tax that would be necessary in case of a shortfall in revenues.