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reserve for contingencies

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U.S. Army Reserves
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Financial Dictionary

reserve for contingencies

A part of retained earnings that are set aside for potential future losses. For example, a firm may establish a reserve account to cover the possibility of losing a lawsuit to which it is a party.

Wall Street Words: An A to Z Guide to Investment Terms by David L. Scott.
Copyright © 2003. Published by Houghton Mifflin.
Cite This Source
U.S. Army Reserves
Strong Benefits, Vacation & Tools to Help Your Future. Be Army Strong
www.GoArmy.com/Reserve
4 Reserve
Find 4 Reserve at Target. Shop and Save at Target Today.
www.Target.com
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