contingency reserve or fund

contingency reserve or fund
In accounting, a reserve set up to cover possible or potential losses; e.g. possible judgment against company. A fund created in anticipation of incidental or unforeseen expenditures

Black's law dictionary. . 1990.

Look at other dictionaries:

  • contingency reserve — or fund In accounting, a reserve set up to cover possible or potential losses; e.g. possible judgment against company. A fund created in anticipation of incidental or unforeseen expenditures …   Black's law dictionary

  • contingency reserve — conˈtingency reˌserve noun [countable] another name for a contingency fund * * * contingency reserve UK US noun [C] ACCOUNTING ► CONTINGENCY FUND(Cf. ↑contingency fund) …   Financial and business terms

  • contingency fund — contingency reserve or fund In accounting, a reserve set up to cover possible or potential losses; e.g. possible judgment against company. A fund created in anticipation of incidental or unforeseen expenditures …   Black's law dictionary

  • contingency fund — ➔ fund1 * * * contingency fund UK US noun [C] (also contingency account, also contingency reserve) ► ACCOUNTING an amount of money that is kept to pay for something that might possibly happen or cause problems in the future: »The projected c …   Financial and business terms

  • fund — A fiscal and accounting entity with a self balancing set of accounts in which cash and other financial resources, all related liabilities and residual equities, or balances, and charges therein, are recorded and segregated to carry on specific… …   Financial and business terms

  • contingency fund — noun : assets segregated as a fund for the purpose of meeting a specific or general contingency and usually accompanied by a contingency reserve …   Useful english dictionary

  • contingency fund — Accounting. money or securities set aside to cover unexpected conditions or losses in business, usually supplementing a contingency reserve. Also, contingent fund. [1880 85] * * * …   Universalium

  • Contingency fund — A contingencies fund or contingency fund is a fund for emergencies or unexpected outflows, mainly economic crises. Contents 1 History 2 European Union 2.1 Spain 3 India …   Wikipedia

  • fund — {{Roman}}I.{{/Roman}} noun 1 sum of money collected for a particular purpose ADJECTIVE ▪ large ▪ special ▪ appeal (BrE), charitable, charity, disaster, relief …   Collocations dictionary

  • reserve — /rəˈzɜv / (say ruh zerv) verb (t) (reserved, reserving) 1. to keep back or save for future use, disposal, treatment, etc. 2. to retain or secure by express stipulation. 3. to secure or book in advance as accommodation, theatre seats, etc. 4. to… …   Australian English dictionary

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