Meaning of the word "contingency fund" in English
What does "contingency fund" mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.
contingency fund
US /kənˈtɪndʒənsi fʌnd/
UK /kənˈtɪndʒənsi fʌnd/
Noun
a reserve of money set aside to cover unforeseen expenses or emergencies
Example:
•
It's wise to have a contingency fund for unexpected repairs.
•
The company established a contingency fund to mitigate financial risks.
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