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contingency reserve

noun, Accounting.
1.
an amount of money established from retained earnings to allow for unforeseen losses in business.
Also, contingent reserve.
Origin
1930-1935
1930-35
Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2014.
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Examples from the web for contingency reserve
  • Indicate the percent of repair funds allocated for contingency reserve.
  • The contingency reserve is included in the replacement cost of substantial rehabilitation.
  • However, at the mortgagee's discretion a contingency reserve account may be set up for administering the loan.
  • contingency reserve value varies significantly over time, however.

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