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Charities often maintain a "rainy day fund" to cover deficits, and some even choose to eat into their endowments.
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Most don't maintain a rainy-day fund for emergencies.
Since 1988 the state has maintained a "rainy-day fund", paid for by taxes on oil and gas companies, which is now worth $6.7 billion; it can be raided only if two-thirds of both houses of the state legislature agree, and Mr Perry vows not to touch it in the current, arguably rainy, downturn.A fourth factor is the amount of help that state and local government offers to business.
"We need to maintain a strong Rainy Day Fund," Mr. Perry told the lawmakers and political figures assembled in the House chamber.
I have no safety net, other than the fact that we live below our means and maintain an outsize rainy day fund.
Leachate can be collected and stored during the rainy season, and recirculation of leachate is recommended to maintain a steady and even accelerated degradation during the prolonged dry season.
This was thanks to his strategy of maintaining a healthy cushion of capital for a rainy day.
In this respect, loss aversion and mental accounting can actually help investors by encouraging them to over-save relative to rosy scenarios and maintain rainy day funds.
It was a rainy afternoon.
A rainy day brings us indoors,.
Build a shelter against a rainy day".
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com