Contingency


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Related to Contingency: Contingency theory

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.
References in periodicals archive ?
In order to get results transient, fault, system stability and contingency analysis is carried out by designing one line diagram using a highly efficient simulating tool ETAP (Electrical Transient Analysis Programme) of interconnection scheme of hydro power projects on river Indus and its tributaries in northern areas by year-2030.
"We have a few proposals on the table, which go in that direction, but we need to work on that," he said, adding the mechanism of contingency steps had to be compatible with Greek laws.
Based on the above idea, we propose a scheme, namely guarantee mechanism of contingency resource (GMCR), to promote system performance.
Proponents make a number of contextual arguments in favor of removing the prohibition on lawyers charging contingency fees, including: lawyers in Australia can enter into costs agreements providing for the payment of conditional fees (conditional fee agreements)-, the abolition of the torts of maintenance and champerty and the more recent development of a litigation funding market in Australia; and the availability of contingency fees in the United States, Canada and the United Kingdom.
As the OCO lead for the joint Staff, the J8 Contingency Operations Branch works closely with both the OSD-C and the J3 to develop and refine fiscal planning guidance in order to ensure both the operators (Service Operations Directorates, CCMD J3s, etc.) and the bean-counters (Service Budget Directorates, CCMD J8s, etc.) are on the same page in terms of guidance for development of the OCO budget and what funding sources will be available to meet Joint warfighter requirements as outlined in the GFMAP.
This is a relatively new factor in contingency planning and response, although government agencies have always existed to deal with various aspects of crises, with emphasis on interagency coordination common in the aftermath of 9/11.
GAAP requires companies facing environmental litigation to disclose the loss contingency as soon as litigation has commenced or is probable.
The dividing response (IBC3) changed as a function of the operating contingency. However, each groups needed different exposure time under the contingency before reaching the contingency changing criterion.
For example, contingency fee auditors have a financial incentive not to inform taxpayers of audit adjustments that could benefit the taxpayer (e.g., missed deductions, tax credits, refund claims, etc.).
This live webcast is a must attend for all corporate financial and tax executives, as well as other accounting, auditing and legal professionals who need to be in the know and prepared to manage the challenges of more extensive loss contingency reporting.
Secondly, contingency contracting operations are supported by both military and civilian operators from a myriad of organizations.
Historically, contingency recruiters have charged from 15% to 35%.