A Contingency Fund is an amount reserved for potential losses due to unforeseen business set backs. It serves as a financial buffer, though it is not tax-deductible.
An in-depth look at Risk Retention, a self-insurance method where organizations create reserve funds to manage unexpected financial claims, its comparison with contingency funds, types, and applications.
A comprehensive guide on reserve funds, including their definition, purpose, types, examples, and significance for individuals and businesses in managing unexpected future costs.
