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contingency fund

 

Definitions from the Web

Contingency Fund

Definition: A contingency fund, also known as an emergency fund, is a reserve of money set aside to cover unexpected expenses, uncertainties, or emergencies.

Usage:

1. Noun

Sense: A fund set up for unforeseen circumstances or emergencies.

Example: It is advisable to maintain a contingency fund equivalent to at least three to six months of living expenses.

2. Noun

Sense: A fund established by organizations or governments to address unforeseen events or challenges.

Example: The government allocated a substantial amount to the contingency fund to aid disaster-stricken areas.

3. Adjective

Sense: Describing something that is dependent on or influenced by uncertain events.

Example: The success of the project is contingent on the availability of the contingency fund.

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