CONTINGENCY BUDGET Definition

Bookmark and Share

CONTINGENCY BUDGET is the amount of money required to implement a contingency plan. If an authorized entity approves a contingency plan, it would normally set aside a contingency budget, which would only be called upon if the contingency plan had to be implemented.

Learn new Accounting Terms

DISHONORED NOTE is a note on which a debtor has defaulted.

REPLACEMENT RESERVE FUND, in real estate, is a fund set aside for replacement of common property in a condominium, PUD, or cooperative project; particularly that which has a short life expectancy, such as carpeting and furniture.

Suggest a Term

Enter Search Term

Enter a term, then click the entry you would like to view.