Words / C / Business

contingency reserve

noun

C1CEFR level
55/100Rarity: uncommon
TechnicalRegister

Budget or time set aside for identified risks that may or may not materialise, drawn down at the manager's discretion.

That's what the contingency reserve is for; draw it down and log the risk it covered.

Similar: buffer, reserve

Topic: Project management in Business English

Rarity runs from 0 (a word everyone knows) to 100 (almost never seen outside specialist or literary writing). Level is the word's real difficulty on the CEFR scale, from A1 to C2.

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More business words: Project management