Contingency(redirected from Contingency (logic))
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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.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.
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.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved