contingency reserve

or contingent reserve

noun Accounting.

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

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Nearby words

continents, contingence, contingency, contingency fund, contingency plan, contingency reserve, contingency table, contingency tax, contingent, contingent beneficiary, contingent fee

Origin of contingency reserve

First recorded in 1930–35

Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2019