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contingency reserve
or contingent reserve
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noun Accounting.
an amount of money established from retained earnings to allow for unforeseen losses in business.
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Origin of contingency reserve
First recorded in 1930–35
Words nearby contingency reserve
contingence, contingency, contingency fee, contingency fund, contingency plan, contingency reserve, contingency table, contingency tax, contingent, contingent beneficiary, contingent fee
Dictionary.com Unabridged
Based on the Random House Unabridged Dictionary, © Random House, Inc. 2022