CONTINGENCY PLAN Definition

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CONTINGENCY PLAN is a plan that provides an outline of decisions and measures to be taken if defined circumstances, outside the control of the affected organization, should occur.

Learn new Accounting Terms

FIXED DEPOSIT is a specific sum of money deposited in a financial institution for a fixed term earning a pre-agreed interest rate.

GROSS REVENUE is income (at invoice values) received for goods and services over some given period of time. See also GROSS SALES.

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