Contingency-fund
noun, Accounting.
1.
money or securities set aside to cover unexpected conditions or losses in business, usually supplementing a contingency reserve.
Read Also:
- Contingency-table
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
- Contingency-reserve
noun, Accounting. 1. an amount of money established from retained earnings to allow for unforeseen losses in business.
- Contingency-tax
noun 1. any new tax that would be necessary in case of a shortfall in revenues.
- Contingent
[kuh n-tin-juh nt] /kənˈtɪn dʒənt/ adjective 1. dependent for existence, occurrence, character, etc., on something not yet certain; conditional (often followed by on or upon): Our plans are contingent on the weather. 2. liable to happen or not; uncertain; possible: They had to plan for contingent expenses. 3. happening by chance or without known cause; […]
- Contingent-beneficiary
noun, Insurance. 1. a person who becomes the beneficiary if the primary beneficiary dies or is otherwise disqualified.