Definition of contingency fund in English:
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.
Definition of contingency fund in:
- US English dictionary
What do you find interesting about this word or phrase?
Comments that don't adhere to our Community Guidelines may be moderated or removed.
Most popular in the US
Most popular in the UK
Most popular in Canada
Most popular in Australia
Most popular in Malaysia
Most popular in Pakistan