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What is contingencu fund?

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.


Who is the custodian of contingency fund of India?

President is the custodian


Could the Australian retirement fund program work in America?

In America most employees do have a retirement fund that they pay into so when they do retire they will recieve funds from their retirement fund. As far as everyone having a retirement fund that is working, it is their option to pay into it for when they retire.


What is a 401b?

retirement fund


Use contingency in a sentence in buyig a house?

When buying a house it is always wise to have a contingency fund in order to deal with unexpected expenses.


Is a retirement fund a security?

No... but icecream is!!


What is the difference between provident fund and pension fund?

The difference between a pension fund and provident fund is in how the benefits are paid out. A provident fund pays all he retirement benefits in a lump sum cash benefit at retirement. A pension fund pays one third of the benefit as a lump sum at retirement and the rest is paid out over the lifetime of the beneficiary.


What happened to grossman's lumber retirement fund?

Grossman's Lumber retirement fund faced significant financial losses due to mismanagement and risky investments. This led to a decrease in retirement savings for employees and legal battles to recover the lost funds. Ultimately, the retirement fund suffered a crippling blow, impacting many individuals' financial security.


What happened to United Merchants and Manufacturers Inc employee retirement fund?

What happened to United Merchants and Manufacturers Inc employee retirement fund?


Person in charge of a fund?

The fund manager


How much money do I have to save every year to have the best retirement fund?

Social security is not the best retirement fund. There is a maximum that goes in each year so you will not get enough in retirement from just that. 10-20% of your income into a separate retirement account would be ideal.


Would like to cancel retirement fund?

Would like to cancel retirement fund. I am unable to work at this time, and need the refund. Name, William Joseph McDermott 111