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denis23 [38]
3 years ago
8

A contingency fund can be defined as

Advanced Placement (AP)
1 answer:
marishachu [46]3 years ago
4 0
A contingency fund can be defined as <span>a sum of reserve money set aside and allocated for use in an emergency but also to cover unforeseen expenses </span><span> and unexpected outflows</span>. This money reserves should help in situations in which some <span>business interruption or disaster result in extraordinary expenses.</span>
This fund is also called <span>contingency reserve.
</span>
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