contingency funds
Backup financial resources
Contingency funds are money set aside for unexpected expenses or emergencies.
Organizations budget them for unforeseen costs that arise during projects; individuals maintain them for sudden repairs, medical bills, or job loss.
The amount typically reflects the level of uncertainty involved: The construction budget includes a ten percent contingency fund for delays and cost overruns.
- insuranceContractual risk coverage
- budgetPlan for spending
- reserveSupply kept back
- savingsAccumulated money kept
- set asideReserve for future use
safety net · safety cushion · war chest · back pocket · disaster recovery · preparedness · worst case scenario · policy · cash flow · oversight · expenditure · liquidity · allocation · crisis management · rainy day · just in case · financial planning · lifeline
- budgetingbudget, budgets, budget app, budget template, budget allocation
- campaigningcandidate, campaign signs, canvassing, campaign manager, fundraising
- construction costsconstruction costs, material costs, labor rates, contractor fees, contractor bids
- defense spendingdefense budget, defense spending, military spending, army budget, defense contracts
- government spendinggovernment spending, federal budget, expenditures, allocations, military spending
- public financestreasury bonds, treasury notes, exchequer, public accounts, coffers
contingency fundsoperating budget
Allocated money for daily expenses
fixed costs · overhead · payroll · rent
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