In general accounting practice, contingency amount means reserve or backup money. It will be used to manage a risk or an uncertain events. This amount will be allocated by percentage of the budgeted amount.
Pending Sale
The purpose of having a contingency plan is to have steps when things go wrong in a business. A contingency plan goes into act when something unexpected happens.
Chance, possibility, probability, eventuality, or exigency. Those words mean contingency.
It is an event that is likely to hapen but it can not be predicteded with pure certainty
Strategic, Tactical, Operational and Contingency
A contingency fund is an amount of money placed aside to be used when a certain event (the contingency) occurs. A common example is a contingency fund for risks in a project. If the risk occurs, the money is used to mitigate the risk. Without a contingency fund, any risks coming to pass would become uncovered expenses.
What is the meaning of contingency leadership in relation to Human Resource Management
use contingency in a sentence?
Disaster contingency plan
Desktop Computer and Portable System Contingency Strategy, Server Contingency Strategy, Website Contingency Strategy
The correct spelling isnon-contingency.
weakness of contingency and system theory
BEST describe contingency approaches
Contingency plan for terrorist attack
Contingency transations have no entry until contingency not clear and only shown in notes to financial statements.
Contingency strategies are important because sometimes, plans fail. If you have a contingency strategy for your business, then you won't have to start over completely.
A gain contingency is where a gain will incur if certain future events incur or not occur while loss contingency is the posting of a future loss that may result from some event or happening