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2017 Word of the Year

contingency fund

or contingent fund

noun, Accounting.
1.
money or securities set aside to cover unexpected conditions or losses in business, usually supplementing a contingency reserve.
Origin of contingency fund
1880-1885
First recorded in 1880-85
Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2017.
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