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.

Word History and Origins

Origin of contingency fund¹

First recorded in 1880–85

Example Sentences

She added an underwrite had not been requested by Commonwealth Games Scotland and that around £27m is already earmarked as a contingency fund.

From BBC

The cost of the event has been estimated as approximately £114m, a total that includes all Games costs, including security as a well as a contingency fund.

From BBC

But Palo Alto Mayor Greer Stone responded that the donation comes from the City Council’s contingency fund, which has $77,000 left to spend.

From Los Angeles Times

"During an Extreme Republican Shutdown, women and children who count on WIC would soon start being turned away at grocery store counters, with a federal contingency fund drying up after just a few days and many states left with limited WIC funds to operate the program," the statement read.

From Salon

The project has a $450 million budget, with a $50 million contingency fund.

From Seattle Times