A reserve set aside for unforeseen events or damages. Found in the insurance company's annual statement.
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The term contingency reserve refers primarily to the amount of quantity of funds or other financial resources that is required to beallocated at and above the ...
- Contingency reserve | Define Contingency reserve at Dictionary.com
an amount of money established from retained earnings to allow for unforeseen losses in business. Relevant Questions. What Is A Contingency Re.
- Contingency Reserve: Definition from Answers.com
Contingency Reserve Percentage of total surplus retained, in insurance company operations, that serves as a reserve to cover unexpected losses as well.
- What Is a Contingency Reserve? | eHow.com
What Is a Contingency Reserve?. A contingency reserve can save a company's project or the company itself. Companies use the tool to prepare for anything that ...
- How to Create a Contingency Reserve | Chron.com
For a small business, an unforeseen expense can have devastating consequences. For instance, say you estimated project costs at $3000 for materials, but your ...
- What is contingency reserve? definition and meaning
Definition of contingency reserve: money set aside in case it is needed urgently.
- Contingency Reserve - Financial Dictionary - The Free Dictionary
A company's retained earnings that are not reinvested but set aside to protect against future losses. A company may set up a reserve for contingencies when it is ...
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Jan 16, 2008 ... Many of my clients use contingency reserve and management reserve interchangeably. Although they both refer to money used to account for a ...