Contingency

Contingency

Funds included in the trust fund to serve as a cushion in case actual expenditures are higher than those projected at the time financing was established. Since the financing is set prospectively, actual experience may be different from the estimates used in setting the financing.

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Part of Speech: noun
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Industry/Domain: Insurance
Category: Medicare & Medicaid
Company: Centers for Medicare & Medicaid Services
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Related terms

contingency

Accounting; Auditing

is an existing condition involving uncertainty as to possible gain (gain contingency) or loss (loss contingency) that will be resolved by future events. Estimates, such as the ...

contingency

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The quality or state of being contingent; an event (as an emergency) that may but is not certain to occur.

contingency

Education; SAT vocabulary

Possibility of happening.

contingent

Education; SAT vocabulary

Not predictable.

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