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Definition of committments and contigencies

Anonymous

∙ 10y ago

Updated: 9/13/2023

The word commitment is a noun and means the state of being devoted to something such as a cause, organization, job, person, etc. Contingency refers to something that may happen as a result of something else or a provision for something that can't be foreseen. For example: The boss added $200 to petty cash to cover contingencies.

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∙ 10y ago

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