contingency reserve

or contingent reserve

noun Accounting.

an amount of money established from retained earnings to allow for unforeseen losses in business.

Nearby words

  1. contingence,
  2. contingencies,
  3. contingency,
  4. contingency fund,
  5. contingency plan,
  6. contingency table,
  7. contingency tax,
  8. contingent,
  9. contingent beneficiary,
  10. contingent fee

Origin of contingency reserve

First recorded in 1930–35 Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2019