Contingency fund

A reserve of money set aside to cover possible unforeseen future expenses or financial emergencies. These funds are typically used by governments, organizations, or individuals to ensure financial stability in the face of unexpected events such as natural disasters, economic downturns, or other emergencies. Contingency funds are crucial for providing a financial safety net, allowing entities to respond quickly to emergencies without having to divert funds from other important areas or incur debt.

Contingency fund was discovered on June 2nd 2020 and it currently has a search volume of 9.9K with a growth of +33%.