Meaning & Definition of word "Contingency"
Contingency
/kənˈtɪn.dʒən.si/
noun:
- 1. a future event or circumstance that is possible but cannot be predicted with certainty.
- Example: The company established a contingency plan in case of unexpected market fluctuations.
- 2. a provision for an unforeseen event or circumstance.
- Example: They set aside a contingency fund to cover any emergencies that might arise.
- 3. an event that may occur but is not certain.
- Example: The project includes a contingency for delays related to weather conditions.
- 4. the condition of being contingent; dependence on chance or uncertain conditions.
- Example: Her acceptance into the program was subject to the contingency of adequate funding.
Etymology
●From Latin 'contingentia', meaning 'a touching, connection'.
Common Phrases and Expressions
contingency plan:
A strategy for dealing with possible adverse situations.
contingent upon:
Dependent on a condition or event.
plan for contingencies:
To prepare for unforeseen events.
Related Words
contingent:
Dependent on something else; conditional.
eventuality:
An occurrence or situation that may arise.
provision:
The action of providing or supplying something for use.
Slang Meanings of contingency
Meaning: Backup plan
● Example Sentence: I always have a contingency just in case.
Meaning: Plan B
● Example Sentence: We need to have a contingency ready if this doesn't work out.