emergency fund

emergency fund definition - finance
A cash reserve that individuals should have on hand that is easily accessible and doesnÂ’t involve selling securities. Financial experts generally recommend having three to six months of living expenses on hand in case income or a job is lost.

Webster's New World Finance and Investment Dictionary Copyright © 2003 by Wiley Publishing, Inc., Indianapolis, Indiana.
Used by arrangement with John Wiley & Sons, Inc.

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