contingency

noun — 4 senses

contingency

noun

/kənˈtɪnd͡ʒənsi/

Etymology From contingence + -y (16th century).

1

The quality of being contingent, of happening by chance.

2

A possibility; something which may or may not happen. A chance occurrence, especially in finance, unexpected expenses.

  • There was also the imperative necessity of creating a reserve fund for unforeseen contingencies, and the question ever present was how was money to be found.1909, John Claude White, Sikhim and Bhutan, page 29:
  • In light of the inherent survival threat posed by zombies and absent specified guidance for detailed planning to address such a contingency, USSTRATCOM has taken the initiative to develop a JOPES Level 3 plan (CONPLAN) consistent with guidance derived from other specified planning efforts to ensure U.S. and Allied freedom of action from zombie domination.2011 April 30, United States Strategic Command, CONPLAN 8888-11 "COUNTER-ZOMBIE DOMINANCE" (PDF), archived from the original on 15 Mar 2023, SITUATION:
3

Business, Finance An amount of money which a party to a contract has to pay to the other party (usually the supplier of a major project to the client) if they do not fulfill the contract according to the specification.

4

Human sciences, Logic, Mathematics, Philosophy, Sciences A statement which is neither a tautology nor a contradiction.

Antonyms
noncontingency
Related terms
contingency cost, contingency plan, contingency table

Entry derived from the Wiktionary, under licence CC BY-SA 4.0 — list of authors.