Contingency
volume
British pronunciation/kəntˈɪnd‍ʒənsi/
American pronunciation/kənˈtɪndʒənsi/

Ορισμός και Σημασία του "contingency"

01

a possible condition in future that might happen as a result of something

02

the quality of happening by chance

03

the funds that are set aside for unforeseen expenses that may arise in the future

example
Example
click on words
The company allocated a portion of its budget as a contingency to cover unexpected costs, such as equipment repairs or legal fees.
As a prudent financial practice, homeowners should maintain a contingency fund to cover sudden home repairs, like a leaking roof or a malfunctioning furnace.
Non-profit organizations often establish contingency funds to prepare for unexpected drops in donations or to address urgent community needs.

word family

conting

Verb

contingence

Noun

contingency

Noun
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