"financial contingency" is correct and usable in written English.
You can use it when referring to a situation in which resources are available to be drawn upon in case of an emergency or unexpected event. For example, "The company's board of directors is developing a financial contingency plan to prepare for any economic crisis that may arise."
As for Bron Afon, it has financial contingency plans in place for bad debts and arrears.
Companies should also recognize that those financial contingency plans may have to withstand industry-wide market failures, during which time liquidity and capital may not be readily available.
Reuters quoted doctors and hospital administrators who are spending hours in financial contingency planning for their most critically ill patients — time that might be better spent planning their medical care.
"However, with wages at their slowest level of growth for over a decade, these people are merely treading water in terms of their finances – often on interest-only mortgages and often with no financial contingency to cope with rising bills".
Theirs was one of multiple bids, but since their bid, of $1.64 million, came with no financial contingency, two of the four representatives of the church (can you see murky waters ahead?) accepted it.
These are just a few of the hundreds of questions circulating for artists working in the 21st-century economy, a scene in which the very old question of art's financial contingency arguably has a different kind of urgency and opacity.
They also recommend that the buyers be flexible: that they have no financial contingencies on the sale; that they are pre-approved for a mortgage and ready to meet, say, with a co-op board, and that they be open about a closing date.
Doctors Without Borders' volunteers were reluctant to sign up for additional missions because they felt unprepared for financial contingencies.
Under statutory rules, councils have to earmark certain funds for specific purposes although local authorities also set aside "unallocated" funds for short term financial contingencies or to mitigate risk.
In the financial markets, contingency planning for such an event is well under way.
"Trustees sought assurance over the financial risk and contingency plans for funding and cashflow in respect of the IWM London Regeneration programme.
