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.