Contingency

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Related to Contingency (logic): contingence, contingencies

Contingency

An additional amount or percentage added to any cash flow item (ie. Capex). Care is needed to ensure it is either to be spent or to remain as a cushion.

Contingency

A negative situation that may occur and for which one ought to prepare. For example, a company may maintain extra cash reserves to cover unexpected liabilities. See also: Cushion.