CONTINGENCY BUDGET Definition

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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

ACCRUED INCOME is income earned during a fiscal period but not paid by the end of the period.

OCOR see OPPORTUNITY COST OF REVENUE.

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