contingency fund

noun

: an amount of money that can be used to pay for problems that might happen

Examples of contingency fund in a Sentence

Recent Examples on the Web
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The GOP proposed last spring that a contingency fund be established in the state budget so the General Assembly wouldn’t have to scramble this winter after some residents already were living in cold homes. Keith M. Phaneuf, Hartford Courant, 27 Jan. 2024 Hoping to correct some of those flaws, the World Health Assembly authorized the creation of a new global health emergency workforce and a small contingency fund for rapid response. Stewart Patrick, Foreign Affairs, 9 June 2020 But Palo Alto Mayor Greer Stone responded that the donation comes from the City Council’s contingency fund, which has $77,000 left to spend. Noah Goldberg, Los Angeles Times, 4 June 2024 In May, the Howard County Council approved $5 million for the conceptual design of the lakefront library and another $5 million for the project was placed in a special contingency fund. Sherry Greenfield, Baltimore Sun, 19 Mar. 2024 The city has spent about $68.4 million of the $114.7 million set aside as a contingency fund for the nearly $1.2 billion first phase of the project. David Garrick, San Diego Union-Tribune, 21 Apr. 2024 Instead, a contingency fund of up to $15 million was set aside to add erosion controls and snow fencing to ensure safety on the one hillside. Kevin Fixler, Idaho Statesman, 10 Feb. 2024 Money for the travel expenses will come from the City Council’s contingency fund, which has a balance of about $500,000, Chadwick said. Phil Diehl, San Diego Union-Tribune, 16 Nov. 2023 Vilsack said that the USDA has a contingency fund set up that could potentially fund the WIC program for a day or two after a potential shutdown and said that some states might have access to remaining WIC funds and may be able to extend the program for about a week. Deena Zaru, ABC News, 25 Sep. 2023

Dictionary Entries Near contingency fund

Cite this Entry

“Contingency fund.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/contingency%20fund. Accessed 23 Dec. 2024.

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