What Are Contingencies and Contingency Plans? With Examples
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What Are Contingencies and Contingency Plans? With Examples
Contingencies are potential negative future events, such as economic recessions or natural disasters, that companies and investors plan for using protective measures. Contingency plans aim to minimize loss and damage and may include the purchase of options or insurance. Banks must set aside capital for negative contingencies to protect against ...
450 viewsDec 25, 2023
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