Definition
Money allocated for unexpected expenses, typically requested by agencies and used for whatever they want anyway.
Example Usage
The Pentagon's contingency fund has grown to cover almost any discretionary spending.
Origin
From 'contingency,' meaning dependent on uncertain events.
Fun Fact
Contingency funds often become de facto slush funds with minimal oversight.
Source: Budget and fiscal terminology
Related Terms
Translate This Term
See “Contingency Fund” in Corporate Speak, Gen-Z Slang, Pirate Speak, and more.
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