Definition of contingency fund in English:

contingency fund

Line breaks: con|tin|gency fund

noun

  • A reserve of money set aside to cover possible unforeseen future expenses: there is a contingency fund within the budget to deal with unexpected legal fees
    More example sentences
    • Already, some states are salting away current surpluses, and there is a federal contingency fund that could provide some additional money.
    • The small surplus that will be made this year will be used to cut the backlog of requests and provide a contingency fund to deal with any possible shortfall in predicted income.
    • The zoo, near Winchester, is solely funded by visitor income and donations and is having to rely on a contingency fund to cover animal and staff costs.

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Word of the day skosh
Pronunciation: skəʊʃ
noun
a small amount; a little