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An expense incurred precautionarily for a use that may not occur such as an event of damage or a change order.
Definition source: English Wiktionary via Wiktextract
Topics: accounting, business, finance
No example sentence was provided for this meaning.
Meaning relationships
Synonyms: none provided
Antonyms: none provided
From contingency + cost. Do not confuse with cost contingencies.
Across languages
Translations
3 source translations are retained for this English entry.
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Finnish:
varautumiskustannus
— Precautionary expense
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German:
Vorhaltekosten
— Precautionary expense
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Swedish:
beredskapskostnad
— Precautionary expense