contingency fund
Rainy day money
A contingency fund is money set aside for unexpected expenses or emergencies.
Businesses maintain contingency funds to cover unforeseen costs—equipment failures, legal issues, sudden opportunities.
Individuals keep them for job loss or medical bills.
The term emphasizes that the money exists for situations that may or may not arise: We dipped into the contingency fund when the roof started leaking.
- emergencySerious sudden danger
- emergency reserveResources held for crises
- rainy dayPrecipitation-filled twenty-four hours
- savingsAccumulated money kept
- cash reservesAccessible money stockpile
reserve · set aside · cushion · safety cushion · safety net · buffer · nest egg · backup · just in case · insurance · unexpected · worst case scenario · crisis · security · peace of mind · stash · precaution · setback
- budgetingbudget, budgets, budget app, budget template, budget allocation
- fundsendowment, ETF, seed money
- reservesreserve, reserves, bank reserves, cash reserves, fuel reserve
- budget termsbudget, deficit, surplus, spending, revenue
- Film Budgetsproduction costs, above the line, below the line, line items, equipment rental
- Financial Reservescash reserves, retained earnings
contingency funddeficit
Amount still owed
debt · shortfall · financial exposure · budget gap · insolvency
contingency, fund, contingent, contingently, contingencies, funds, funded, funding, funder