contingency fund

American  

Or contingent fund

noun

Accounting.

1. money or securities set aside to cover unexpected conditions or losses in business, usually supplementing a contingency reserve.

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Etymology

Origin of contingency fund

First recorded in 1880–85

Example Sentences

The government originally said there was only enough in the contingency fund to cover about 50% of November benefits.

From The Wall Street Journal

The government said earlier this week it would use $4.65 billion in a contingency fund to allow for the partial payment of November benefits, but warned it could take several weeks or months for states to calculate and distribute the reduced payments.

From The Wall Street Journal

Since the contingency fund wouldn’t cover the full amount, he ordered it to use another source of money to make up the shortfall.

From The Wall Street Journal

“We are digging into a contingency fund that is supposed to be for emergencies,” she said.

From Salon

The decisions, issued within moments of each other on Friday by judges in Rhode Island and Massachusetts, said the government must pay for the Supplemental Nutrition Assistance Program, or Snap, benefits using a contingency fund.

From BBC