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

Definition och Betydelse av "contingency"

Contingency
01

kontingens

a possible condition in future that might happen as a result of something
02

kontingens

the quality of happening by chance
03

kontingens

the funds that are set aside for unforeseen expenses that may arise in the future
example
Exempel
examples
We have a contingency plan in place in the event of severe weather.
The company allocated a portion of its budget as a contingency to cover unexpected costs, such as equipment repairs or legal fees.
The project manager devised a contingency plan to bypass potential bottlenecks in the construction timeline.
Non-profit organizations often establish contingency funds to prepare for unexpected drops in donations or to address urgent community needs.
The team is working on a contingency plan to address potential challenges in the project.
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