Contingency fund

Contingency fund,

Definition of Contingency fund:

  1. A reserve of money set aside to cover possible unforeseen future expenses.

  2. Reserves set aside for extraordinary expenses resulting from a possible business interruption or disaster. Also called contingency reserve.

How to use Contingency fund in a sentence?

  1. There is a contingency fund within the budget to deal with unexpected legal fees.

Meaning of Contingency fund & Contingency fund Definition