Business, Legal & Accounting Glossary
1. A sum set aside for an occurrence that may or may not come to pass. For example, funds earmarked for expenses associated with potential bad weather. 2. Funds allocated periodically for a stated purpose, such as a per diem. 3. A discount, especially one offered as a result of specific circumstances.
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This glossary post was last updated: 20th November, 2021 | 0 Views.