contingency
Pronunciation
/kənˈtɪndʒənsi/

Definition & Meaning of "contingency"in English

Contingency
01

an event or situation that might happen

Grammatical Information
Animacy status
Abstract
Composition
Compound
Countable
Plural form
contingencies
Examples
The team drafted backup plans for various contingencies.
02

the condition of depending on something else

Examples
Their promotion was subject to the contingency of meeting sales targets.
03

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

Examples
The company allocated a portion of its budget as a contingency to cover unexpected costs, such as equipment repairs or legal fees.
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